Clarification Announcement: Short Form Announcement - Reviewed Financial Results for the Year Ended 31 August 2019 AYO TECHNOLOGY SOLUTIONS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1996/014461/06 Share code: AYO ISIN: ZAE000252441 ("AYO" or the "Group" or the "Company") CLARIFICATION ANNOUNCEMENT: SHORT FORM ANNOUNCEMENT - REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 AUGUST 2019 AND DIVIDEND DECLARATION Shareholders are referred to the short form announcement published on SENS today, 20 December 2019, relating to the Company’s reviewed condensed consolidated financial results for the year ended 31 August 2019 (“Original Announcement”). The Company would like to clarify that the financial results set out in the Original Announcement are reviewed results and that the statement regarding the board of directors’ presentation of the results to stakeholders should have referred to reviewed results and not audited results. For and on behalf of the Board Dr Wallace Mgoqi Howard Plaatjes Independent non-executive chairman Chief executive officer 20 December 2019 Joint Sponsor Vunani Sponsor Joint Sponsor Merchantec Capital Directors: Dr Wallace Mgoqi (Chairman)*# Howard Plaatjes (Chief executive officer)^ Isaiah Tatenda Bundo (Chief financial officer)^ Vanessa Govender (Corporate affairs director)^ Rosemary Mosia*# Aziza Begum Amod* Sello Rasethaba*# Dr Dennis George*# Advocate Dr Ngoako Ramathlodi*# and Ismet Amod* * Non-executive # Independent ^ Executive Wazeer Moosa Company Secretary Date: 20-12-2019 05:36:00 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.