Change to the Board of Directors Etion Limited (Previously known as Ansys Limited) (Incorporated in the Republic of South Africa) (Registration number: 1987/001222/06) (JSE code: ETO ISIN: ZAE000257739) (“Etion” or “the Company”) Change to the Board of Directors In compliance with section 3.59 of the JSE Listings Requirements, shareholders are advised that Dr Snowy Khoza has been appointed as Chairman of the Board of Directors of Etion with effect from 1 June 2019. Dr Khoza is the Executive Chairperson of the Bigen Group. She received numerous business and industry awards e.g. Lifetime Achievement in Engineering Award from SA Professional Services sponsored by Sanlam; and the Top Performing Business Leader Award in South Africa. For over 20 years, she served in and chaired a number of public and private sector boards e.g. National Housing Finance Corporation (NHFC) and Trans-Caledon Tunnel Authority (TCTA). Currently she is an independent non-executive director at Ubank. She was appointed at the board of ETION since 2015 and chairs the Social and Ethics committee. Shareholders are also advised that Richard Willis has been appointed as a member of the Audit and Risk Committee. Richard was appointed to the Board in November 2018. He is the Chief Operating Officer of Clive Douglas Investments (Pty) Limited and also an independent non-executive director of Alaris Holdings Ltd, where he serves as the Chairman of the Audit and Risk and Social & Ethics committees. The Board is looking forward to their contribution in support of the Company’s growth strategy 3 June 2019 Pretoria Designated Advisor Exchange Sponsors Date: 03/06/2019 04:59:00 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.