Technical breach of our banking covenant

Enprise Group Limited (NZX:ENS) advises that the allocation of the losses of our equity accounted investments (which represent non-cash write downs), has seen us in technical breach of our banking covenant in respect of interest cover ratio. The bank has provided a waiver of this breach, however as the bank is now within its rights to call the loan Enprise will reclassify the remaining balance as a current liability. We have not ever drawn on the overdraft portion of these facilities - current balance $0; and the remaining facility remains below our available cash balances. For and on behalf of the board Elliot Cooper Chief Executive Officer End CA:00337011 For:ENS Type:GENERAL Time:2019-07-02 11:01:30