Clarification in respect of PIC commission of inquiry statement 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") CLARIFICATION IN RESPECT OF PIC COMMISSION OF INQUIRY STATEMENT Shareholders are referred to paragraph 81 of the statement made by former director of the Company, Abdul Malick Salie ("Salie") at the PIC Commission of Inquiry today, 14 May 2019 and are advised of the following: - the statement is the view of Salie in his personal capacity and was made without the knowledge or input of the Company; - the statement is considered to be a profit forecast pertaining to the Company in terms of the Listings Requirements of JSE Limited; - the statement has not been reviewed or reported on by AYO’s auditors; and - the Company is not aware of the basis on which the numbers included in the statement were derived. Cape Town 14 May 2019 Joint Sponsor Vunani Corporate Finance Joint Sponsor Merchantec Capital Date: 14/05/2019 05:30:00 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.
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