Financial Results for the six months ended 28 February 2023 enX GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2001/029771/06) JSE share code: ENX ISIN: ZAE000222253 ("enX" or "the Group") FINANCIAL RESULTS for the six months ended 28 February 2023 - Revenue from continuing operations of R2.917 billion (2022: R2.386 billion), up 22% - HEPS from continuing operations of 70c per share (2022: 53c per share), up 32% - Net cash outflow before financing activities of R149 million (2022: inflow R30 million) - Net asset value per share of R12.96 (31 August 2022: R12.22), up 6% For the period For the period For the year ended ended ended 28 February 28 February 31 August 2023 2022 2022 (cents) (cents) (cents) Total operations: Basic earnings per share 70 33 126 Diluted earnings per share 70 33 126 Headline earnings per share 70 148 266 Net asset value per share ** 1 296 1 482 1 222 Net tangible asset value per share 1 243 1 468 1 167 Continuing operations: Basic earnings per share 70 53 149 Diluted earnings per share 70 53 149 Headline earnings per share 70 53 160 Discontinued operations: Basic loss per share - (20) (23) Diluted loss per share - (20) (23) Headline earnings per share - 95 106 ** Equity attributable to equity holder of the parent/Number of shares in issue less treasury shares. Whilst experiencing challenging economic conditions, the results for the six months ended 28 February 2023 reflect continued robust performance. enX's financial position improved even though cash was returned to shareholders in the form of special distributions of R2.00 and R1.50 per enX ordinary share paid on the 20 June 2022 and 5 September 2022 respectively. Net debt to equity (including assets held for sale) was 45% (2022: 106%) significantly reduced from the higher gearing levels of 208% as at 31 August 2020. Net asset value per share was R12.96 per share (31 August 2022: R12.22 per share), an increase of 6%. Revenue from continuing operations increased 22% to R2.917 billion (2022: R2.386 billion) mainly supported by increased demand for power solutions and related services arising from load-shedding, higher selling prices due to pass through of increasing base oil and chemical input prices period-on-period, and continuing recovery in activity. Operating profit from continuing operations before net finance costs, our share of profit from our associate and impairments, was R216 million (2022: R206 million), an increase of 5%. This was achieved despite once-off items in the prior period of R39 million arising from realised foreign exchange profits earned from the conversion of the Impact Handling proceeds and insurance proceeds arising from business interruption claims in respect of COVID-19. Removing these once-off items, the period-on-period increase would have been 29%. Net finance charges in respect of continuing operations was R59 million (2022: R65 million), a reduction of 9% arising from lower debt balances primarily in Eqstra. Headline earnings per share from continuing operations was 70c cents per share (2022: 53 cents per share), an increase of 32%. No dividends have been declared for the period under review. The financial results for the six months ended 28 February 2023 have not been audited or reviewed by the Group's external auditors. This short-form announcement is the responsibility of the directors of the Company. This short-form announcement is only a summary of the full announcement which is published on the Company's website (https://www.enxgroup.co.za/interim-results) on 17 May 2023 and does not contain complete or full details. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement. The full announcement can be accessed directly using the following JSE link: https://senspdf.jse.co.za/documents/2023/jse/isse/enx/H1_FY2023.pdf Copies of the full announcement is available for inspection at the Company's registered office and may be requested during office hours at no charge by emailing info@enxgroup.co.za or from the Company Secretary at enx@acorim.co.za By order of the board P Baloyi A Hannington R Lumb Chairman Chief Executive Officer Chief Financial Officer 17 May 2023 DIRECTORS Executive directors: A Hannington (Chief Executive Officer), R Lumb (Chief Financial Officer) Non-executive directors: P Baloyi (Chairman), W Chapman, Z Matthews*, R Mokhobo^, N Simamane* (* Independent, ^ Lead Independent) Registered office: 9th Floor, Katherine Towers, 1 Park Lane, Sandton, 2196 Postal address: PostNet Suite X86, Private Bag X7, Aston Manor, 1630 Sponsor: The Standard Bank of South Africa Limited Company secretary: Acorim Proprietary Limited, represented by R Cloete Transfer secretaries: Computershare Investor Services Proprietary Limited Date: 17-05-2023 11:00:00 Produced by the JSE SENS Department. 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