enX Group Limited (JSE:ENX) News - Correction to dealings announcement

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”)


CORRECTION TO DEALINGS ANNOUNCEMENT


Shareholders are referred to:

•        the firm intention announcement published on SENS on 28 January 2022 (the “FIA”) regarding a mandatory
         offer to enX shareholders by MCC Contracts Proprietary Limited and African Phoenix Investments Limited
         (“African Phoenix”) (collectively the “Offerors”), acting in concert, to acquire the remaining shares in enX at
         an offer consideration of R5.60 per share in terms of section 123 of the Companies Act 71 of 2008 and
         regulation 86(1) of the Companies Regulations, 2011;
•        the dealings announcement published on 31 January 2022, which was issued in relation to the acquisitions of enX
         shares that triggered the FIA (the “Dealings Announcement”).

Shareholders are advised that the directors of the Offerors have detected and brought to the Company’s attention certain
errors in the Dealings Announcement, which arose as a result of a miscalculation of the mathematical impact of the
cross-shareholdings amongst the companies comprising the Offerors’ group of companies on certain enX directors’
beneficial interests in African Phoenix. Whilst the errors are minor and ultimately immaterial, the directors of enX
consider it necessary and appropriate to communicate the corrected beneficial interests of enX directors in African
Phoenix shares.

    Name of associate:                               African Phoenix
    Name of director and relationship to director:   Paul Baloyi has an indirect beneficial interest of 5.5%, Warren
                                                     Chapman has an indirect beneficial interest of 40.9%, Oyama
                                                     Mabandla has a direct beneficial interest of 2.3% and Andrew
                                                     Hannington has an indirect beneficial interest of 0.0001% in
                                                     African Phoenix
    Transaction date:                                26 January 2022
    Class of securities:                             Ordinary shares
    Number of securities:                            7 559 375
    Price per security:                              R5.60
    Total value:                                     R42 332 500.00
    Nature of transaction:                           Off-market purchase
    Nature and extent of director’s interest:        Indirect beneficial

26 April 2022


Sponsor
The Standard Bank of South Africa Limited

Date: 26-04-2022 05:32:00
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