AYO TECHNOLOGY SOLUTIONS LIMITED - Renewal Of Cautionary Announcement

Renewal Of Cautionary Announcement

 AYO TECHNOLOGY SOLUTIONS LIMITED
 (Incorporated in the Republic of South Africa)
 Registration number: 1996/014461/06
 JSE share code: AYO
 ISIN: ZAE000252441
 ("AYO" or "the Company")


 RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcement released on SENS on 4 April 2023 and to the
subsequent renewal of cautionary announcements, the last of which was dated 27 September 2023 (and
using the terms defined therein unless otherwise specified), regarding the Company's engagement with
the JSE in respect of the implementation of certain terms of the Settlement Agreement pertaining to the
Further Repurchase and proposed amendments to the MOI.

Shareholders are hereby advised that, further to the Company's engagement with the JSE, the parties to
the Settlement Agreement, being AYO, the GEPF and the PIC ("Parties") have made significant progress
in the process of finalising the terms of the Settlement Agreement to ensure compliance with the JSE
Listings Requirements. Once finalised, the details and implementation thereof will be published on SENS.

Furthermore, shareholders are referred to the renewal of cautionary announcement released on SENS
on 15 August 2023 wherein they were advised, inter alia, that the Parties had agreed to extend the date
by which the Company's MOI is to be amended to give effect to certain agreed terms pertaining to its
Board and minorities, and to file same with the CIPC, and are hereby advised that the Parties have agreed
to further extend such date from 30 July 2023 to a date of no later than 31 December 2023.

As AYO is committed to fully complying with the JSE Listings Requirements and to upholding the
substance of the terms of the Settlement Agreement, the Company will continue to engage with the JSE
and the PIC in respect thereof.

Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's
securities until a further announcement is made.

Cape Town
7 November 2023

Sponsor and Corporate Adviser
Vunani Sponsors

Lead Sponsor
Merchantec Capital

Date: 07-11-2023 04:12:00
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.