ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ENX ISIN: ZAE000222253
(“enX” or “the Company”)


DECLARATION OF A SPECIAL DISTRIBUTION OF R1.50 PER SHARE


enX has closed the disposal of two businesses in the past 14 months, namely Impact Fork Trucks Ltd and EIE Group
Proprietary Limited. These disposals collectively realised net cash proceeds of c.R1,338million. Of these proceeds,
c.R350million has been applied to recapitalising Eqstra Fleet Management and Logistics, c.R364million as a distribution
and R50million to repay debt, while c.R220million is restricted – a result of collateral related to warranties and
indemnities and to secure capital commitments. The directors of enX regard the balance of these proceeds as surplus to
the requirements of enX. Accordingly, it has resolved to declare a special distribution of R1.50 per enX share (the
“Distribution”) which will be implemented by way of a reduction of contributed tax capital, as defined in the Income
Tax Act No. 58 of 1962 (as amended), to enX ordinary shareholders that are recorded as such on Friday, 19 August 2022.
Distributions from contributed tax capital which are not dividends as defined, do not attract withholding taxes in South
Africa. Application has been made to the exchange control division of the South African Reserve Bank for approval of the
Distribution. Once received, the finalisation information pertaining to the payment of the Distribution will be communicated
to shareholders.

Indicative salient information, dates and times relating to the Distribution:

The indicative salient dates relating to the Distribution are set out below and will be confirmed with the finalisation
information announcement:

 Issued share capital as at declaration date                                                                  182 312 650

 Company Tax Reference Number                                                                                 9483233145

                                                                                                                  2022
  Declaration date announcement in respect of the Distribution released on SENS                        Monday, 1 August

  Finalisation date announcement in respect of the Distribution released on SENS                       Monday, 8 August

  Last day to trade in enX ordinary shares in order to receive the Distribution                      Tuesday, 16 August

  enX ordinary shares trade ‘ex’ the entitlement to receive the Distribution from                 Wednesday, 17 August

  Record date for receipt of the Distribution                                                          Friday, 19 August

  Distribution paid to enX ordinary shareholders                                                     Monday, 22 August


Notes
1. All times given are local times in South Africa.
2. The dates and times set out above are subject to change. Any such change will be released on SENS.
3. No dematerialisation or rematerialisation of enX ordinary shares may take place between Wednesday, 17 August
2022 and Friday, 19 August 2022, both days inclusive.

1 August 2022


Sponsor
The Standard Bank of South Africa Limited