ETION LIMITED - Lawtrust Disposal Update

Lawtrust Disposal Update

 ETION LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration Number: 1987/001222/06)
 (Share Code: ETO)
 (ISIN: ZAE000097028)
 (“Etion” or “the Company” or “the Group’’)

LAWTRUST DISPOSAL UPDATE

Shareholders are referred to the Category 1 disposal and withdrawal of cautionary
announcement dated 20 April 2021 released on SENS whereby Etion entered into an
agreement (“Agreement”) with Altron TMT SA Group Proprietary Limited (“Altron”) in terms
of which, Etion will sell 100% of the issued shares in Law Trusted Third Party Services
Proprietary Limited (“Disposal”).

Shareholders are advised that the Disposal has received a positive recommendation from
the Competition Commission. The parties are awaiting final approval from the Competition
Tribunal, which approval is anticipated to contain certain conditions. The Disposal will only
become unconditional once the Competition Tribunal approves same, which approval is
expected by the middle of September 2021. The Closing Date of the transaction, as detailed
in the SENS announcement dated 20 April 2021, is anticipated to be 1 October 2021.

Accordingly, Etion and Altron have signed a further addendum to the Agreement, wherein,
inter alia, the period in which the conditions precedent must be fulfilled by 31 August 2021
has been extended to 30 September 2021.

Pretoria
1 September 2021

Transactional Sponsor and Transaction Adviser
PSG Capital

Date: 01-09-2021 11:00:00
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.