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enX GROUP LIMITED M&A Activity 2026

Apr 22, 2026

48714_rns_2026-04-22_241c7fbc-73cb-408d-9a21-5a3af6d1d7c1.pdf

M&A Activity

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ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/029771/06)
Share code: ENX
ISIN: ZAE 000222253
Listed on the General Segment of the Main Board
("enX" or "the Company")
enX
GROUP

FULFILLMENT OF THE SUSPENSIVE CONDITIONS RELATING TO THE DISPOSAL BY ENX OF ITS REMAINING INTEREST IN WEST AFRICAN INTERNATIONAL ("WAI")

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the meanings ascribed thereto in the Circular (defined below).

1. INTRODUCTION

Shareholders are referred to the circular distributed on 5 March 2026 ("Circular") relating to, inter alia, the written notice delivered by Trichem SA of its intention to exercise its option to acquire the remaining 75% interest in WAI ("Transaction"), as well as the announcement released on SENS on 7 April 2026 advising that the Transaction had been approved by the requisite majority of Shareholders.

2. FULFILLMENT OF SUSPENSIVE CONDITIONS

The Company is pleased to advise that all Suspensive Conditions for the Transaction, as set out in the Subscription and Options Agreement (as amended) and detailed in the Circular, have been fulfilled. Accordingly, the Transaction has become unconditional with effect from today, Wednesday, 22 April 2026. Shareholders are advised that the Transaction will not be given effect to or implemented until receipt of the requisite compliance certificate from the Takeover Regulation Panel, which is expected to be received on or about Friday, 24 April 2026.

3. RESPONSIBILITY STATEMENTS

The Board and the Independent Board collectively and individually accept responsibility for the information contained in this announcement and certify that, to the best of their knowledge and belief, the information contained in this announcement is true and does not omit anything that is likely to affect the importance of such information.

Johannesburg
22 April 2026