Conclusion Of Long-Term Strategic Managed Services Partnership With Sasol And Withdrawal Of Cautionary Announcement 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”) CONCLUSION OF LONG-TERM STRATEGIC MANAGED SERVICES PARTNERSHIP WITH SASOL AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are hereby advised that the Company has entered into a long-term strategic partnership agreement with integrated chemical and energy multinational Sasol South Africa Limited (“Sasol”) in order for AYO Technology to provide and manage a set of products and services to Sasol (“Sasol Agreement”). The salient terms of the Sasol Agreement are as follows: • AYO Technology will provide and manage Sasol’s entire global network, communications and security services from South Africa; • AYO Technology, whilst providing services in relation to this managed services contract, will also participate, where relevant, in Sasol’s digital transformation plans and execution; • AYO Technology through its more than 70% black ownership and 33% black woman ownership will contribute to Sasol’s transformation objectives; and • the Sasol Agreement is a long-term contract, the value of which cannot be divulged due to confidentiality clauses and competitor sensitive information. The Sasol agreement is a significant agreement and the first contract finalised in line with the strategy and deliverables set out in the pre-listing statement of the Company issued on 13 December 2017 (“Pre-listing Statement”) and is expected to have a material impact on the revenue and earnings of AYO Technology disclosed in the Pre-listing Statement and the revenue and earnings of AYO Technology when compared to the revenue and earnings disclosed in the interim results for the six months ended 28 February 2018. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the Company’s cautionary announcement released on SENS on 18 April 2018 and are advised that as the detail of the Sasol Agreement has been included in this announcement, caution is no longer required to be exercised by shareholders when dealing in the Company’s securities. Cape Town 21 May 2018 Sponsor PSG Capital Date: 21/05/2018 04:30:00 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.