General Issue of Shares for Cash Etion Limited (previously known as Ansys Limited) (Incorporated in the Republic of South Africa) (Registration number 1987/001222/06) JSE Share code: ETO ISIN: ZAE000257739 ("Etion" or the “Company”) General Issue of Shares for Cash At the annual general meeting of Etion shareholders held on Thursday, 27 September 2018, the requisite majority of shareholders approved an ordinary resolution authorising the directors of the Company to issue up to 50% of Company’s issued share capital for cash in accordance with paragraph 5.52 of the Listings Requirements of the JSE Limited (“the LR”). Shareholders are advised that in terms of paragraph 11.22 of the LR, Etion issued 70 000 000 shares at 39 cents per share raising an amount of R 27.3 million (“the general issue”). The general issue was implemented at a 3.8% discount to the 30 day weighted average traded price of Etion shares for the 30 business days preceding the date that the price of the issue, under the general authority, was agreed. The shares were issued to Conexus Capital Growth Fund Trust, which is represented by Clive Douglas Investments (“Douglas Investments”), and represent 14.16% of the issued share capital of Etion prior to the general issue, and 12.40% after the issue of the shares. Douglas Investments manages its clients’ funds on a discretionary basis and provides investment exposure across all asset classes, both locally and offshore. The investment by Douglas Investments is intended to strengthen Etion’s thrust into cutting- edge digital security innovation, following its acquisition of cybersecurity specialist, LAWTrust, in June 2018. 7 November 2018 Centurion Designated adviser Exchange Sponsors Date: 07/11/2018 08:00:00 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.