Appointment of Directors and Change of Company Secretary 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”) APPOINTMENT OF DIRECTORS AND CHANGE OF COMPANY SECRETARY In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the Company’s board of directors (“Board”) wishes to advise that Mr Howard Plaatjes has been appointed as an executive director (corporate finance and strategy), Ms Vanessa Govender as an executive director (corporate affairs) and Mr Takudzwa Hove as a non-executive director of the Company with effect from 20 December 2018. Furthermore, the company secretary, Ms Rodanchia Nock, has resigned with effect from 21 December 2018 and will be replaced by Mr Wazeer Moosa on 1 January 2019. Mr Plaatjes will also fulfil the role of acting chief executive officer, which was previously performed by Ms Naahied Gamieldien, who continues in her role as chief financial officer. The Board welcomes Mr Plaatjes, Ms Govender, Mr Hove and Mr Moosa and looks forward to their contribution to the Company. Cape Town 21 December 2018 Sponsor PSG Capital Date: 21/12/2018 02:00:00 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.