Withdrawal of Cautionary Announcement 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") Withdrawal of Cautionary Announcement Shareholders are referred to the cautionary announcement dated 4 June 2019 (“Cautionary Announcement”) and the various subsequent renewals of the Cautionary Announcement, the most recent of which was dated 17 January 2020, regarding the audit currently being undertaken on the Company’s interim results for the six months ended 28 February 2018 (“2018 Interim Results”). Shareholders are further referred to the Company’s reviewed preliminary condensed consolidated results for the year ended 31 August 2019 released on SENS on 20 December 2019, the change statement in respect of the aforementioned results released on SENS on 31 January 2020 and the Company’s Integrated Annual Report incorporating the audited consolidated annual financial statements for the year ended 31 August 2019 posted on the Company’s website on 31 January 2020 (“2019 Integrated Annual Report”). Shareholders are advised that Ayo is withdrawing the Cautionary Announcement based on the following: • The 2019 Integrated Annual Report, which contained an unmodified audit report, has been released and contains the most recent audited financial results of Ayo which the Company believes is more relevant for making investment decisions in respect of Ayo than the 2018 Interim Results; and • The 2019 Integrated Annual Report, contains the audited results for the year ended 31 August 2018 (“2018 Financial Year”) and hence any investor who wishes to analyse how the Company performed in its 2018 Financial Year has the 2018 Financial Year audited results available which are more relevant for this purpose than the 2018 Interim Results. Accordingly, shareholders no longer need to exercise caution when dealing in the Company's securities. Shareholders are advised that the above mentioned audit in respect of the 2018 Interim Results is in process and despite the withdrawal of the Cautionary Announcement, will continue. Cape Town 18 February 2020 Joint Sponsor Vunani Corporate Finance Joint Sponsor Merchantec Capital Date: 18-02-2020 08:40:00 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.