Update to shareholders on discussions between Ayo and Sasol 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") UPDATE TO SHAREHOLDERS ON DISCUSSIONS BETWEEN AYO AND SASOL Further to the announcement released on SENS on 22 January 2020, shareholders are advised that Ayo and Sasol Limited (“Sasol”) have, by mutual agreement, reached a settlement (“the settlement agreement”) in respect of the declared dispute between Ayo and Sasol regarding Sasol’s purported early termination of the ICT Master Services Agreement (“the ICT agreement”) entered into between them and effective from 1 April 2018. The settlement agreement was made on order of court on Tuesday, 4 February 2020. In terms of the settlement agreement, Ayo will continue to render ICT services to Sasol until 31 July 2020, whereafter the ICT agreement will terminate. Ayo will continue to provide services to Sasol in terms of the ICT agreement and will also immediately commence providing termination / expiration assistance to Sasol. This resolves the need to refer the dispute to arbitration. Until its termination on 31 July 2020, the ICT agreement remains of full force and effect. Cape Town 6 February 2020 Joint Sponsor Vunani Corporate Finance Joint Sponsor Merchantec Capital Date: 06-02-2020 02:15:00 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.