Results of Private Placement by Ayo Technology AYO TECHNOLOGY SOLUTIONS LIMITED (Previously Sekunjalo Technology Solutions Limited) (Incorporated in the Republic of South Africa) Registration number: 1996/014461/06 JSE share code: AYO ISIN ZAE000252441 (“AYO Technology” or the “Company”) RESULTS OF PRIVATE PLACEMENT BY AYO TECHNOLOGY AYO Technology is pleased to announce that it received strong demand for its private placement that closed on Friday, 15 December 2017 (“Private Placement”), with the book being oversubscribed. AYO Technology received irrevocable commitments from invited investors to subscribe for shares in AYO Technology to the value of R5.3 billion, well in excess of the R4.3 billion sought to be raised in terms of the Private Placement. The amount sought to be raised in the Private Placement will not be increased and successful invited investors will be advised of their allocations today, 18 December 2017. Subject to final approval by the JSE Limited, AYO Technology’s listing on the main board of the JSE Limited is expected to commence on Thursday, 21 December 2017. Cape Town 18 December 2017 Transaction Advisor and Sponsor: PSG Capital Proprietary Limited Corporate Advisor and Bookrunner: AEEI Corporate Finance Proprietary Limited Independent Reporting Accountant and Auditor: Grant Thornton Legal Advisor: Tshisevhe Gwina Ratshimbilani Inc Date: 18/12/2017 05:00:00 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.