Changes to the Board of Directors 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” or “the Group”) CHANGES TO THE BOARD OF DIRECTORS Further to the announcement released 15 July 2019 regarding the divestment of the EFML business, resulting in a much smaller business necessitating some rationalization and in compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised of the following changes to the board of directors (“Board”) of enX: Early retirement of Chief Executive Officer Steven Joffe has notified the Board of his intention to take early retirement as enX’s Chief Executive Officer (“CEO”) and executive director. Steven will step-down as director and CEO with immediate effect. Appointment of acting CEO The Board would like to advise shareholders that Gary Neubert has been appointed acting CEO, effective immediately. Gary had been the divisional CEO of the material handling business for the past 13 years and has proven himself to be a well-respected leader. This business has showed growth in size and performance under his leadership. Gary has a strong management team allowing him sufficient capacity to also act as Group CEO. Appointment of independent non-executive director and Chair of the audit and risk committee Following the announcement on 2 July 2019 regarding the resignation of Miss N Lila, the board is pleased to announce the appointment of Babalwa Ngonyama as independent non-executive director and Chair of the audit and risk committee, effective 19 July 2019. She is the CEO of Sinayo Securities (Pty) Ltd, a women owned and managed business and the former Chief Financial Officer of Safika Holdings (Pty) Ltd. Previously she was the Group Chief Internal Auditor of Nedbank Limited. Babalwa is a Chartered Accountant with an MBA and an astute leader with highly regarded business acumen. She sits on the board and audit committee of Aspen Limited, Hollard Life and Insurance, Vukile Property Fund Limited as well as Clover Limited. Babalwa is a lead independent director of Implats Limited. The Board welcomes both Gary and Babalwa to the Board. The Board thanks Steven for his contribution and wishes him well in respect of his future endeavours. Johannesburg 19 July 2019 Sponsor The Standard Bank of South Africa Limited Date: 19/07/2019 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.