Trading Statement 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”) TRADING STATEMENT Shareholders are advised that the company anticipates results for the year ended 31 August 2019 (“Current Year”) to differ by more than 20% compared to 31 August 2018 (“Prior Year”), and are summarized as follows: Current Year range Prior Year Percentage change range Total enX Group EPS 52.7 cents to 65.3 cents 126.2 cents (48%) to (58%) Diluted EPS 52.1 cents to 64.5 cents 124.7 cents (48%) to (58%) HEPS 133.1 cents to 148.9 cents 158.0 cents (6%) to (16%) Continuing operations (LPS)/EPS (37.6 cents) to (42.8 cents) 52.8 cents (171%) to (181%) Diluted (LPS)/EPS (37.6 cents) to (42.8 cents) 52.1 cents (171%) to (181%) HEPS 37.0 cents to 45.4 cents 84.6 cents (46%) to (56%) Discontinued operations EPS 95.5 cents to 102.9 cents 73.4 cents 30% to 40% Diluted EPS 94.3 cents to 101.5 cents 72.6 cents 30% to 40% HEPS 96.4 cents to 103.8 cents 73.5 cents 31% to 41% During the current year there have been various exceptional movements, impacting both continuing and discontinued operations. Continuing Operations: In the Current Year the businesses that comprise the oil lubricants cash generating unit (“Lubricants CGU”) incurred obsolescence and net realisable value impairments relating to inventory and restructuring costs of R55.8 million (after tax). Goodwill and intangible assets amounting to R93.5 million and R72.9 million, including associated deferred tax assets, relating to the Lubricants CGU and Chemicals CGU respectively have also been impaired in the current year. In the Industrial Equipment segment the power and wood businesses incurred retrenchment costs, restructuring costs and the derecognition of deferred tax assets amounting to R22.6 million. The EIE group, which comprises the local and international forklift businesses, showed growth in profit before tax of 15.6% Early in the year a decision was taken to wind down the Zambian fleet management and logistics business due to a decline in the long-term prospects of operating in that region, resulting in a R13.6 million after tax loss. The Zambian business is excluded from the fleet businesses which is being divested. Accordingly, this loss as well as R7.2million of fleet divestment related transaction costs form part of the results of continuing operations. Discontinued operations: enX’s fleet management and logistics business (“Fleet”) offers integrated fleet management solutions and leasing, rentals and customised value-added services for both passenger and commercial vehicles in South Africa, Namibia, Botswana and Swaziland. As a result of the divestment of this business, Fleet related assets and liabilities have been designated as held- 2 for-sale from the 12 July 2019. In terms of IFRS, enX is required to cease depreciation and amortisation on held-for-sale assets. This has resulted in a post-tax reduction in enX’s depreciation expense of R44.7million. Had this depreciation been normally incurred, the effect would have been to reduce the Total and Discontinued EPS, Diluted EPS and HEPS as disclosed in the table by 25cps respectively. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. The Company’s financial results for the year ended 31 August 2019 are expected to be released on SENS on or about 25 November 2019. 14 November 2019 Sponsor The Standard Bank of South Africa Limited Date: 14/11/2019 05:45:00 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.