Change to the Board – Resignation of Director 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") CHANGE TO THE BOARD – RESIGNATION OF DIRECTOR In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of AYO (“the Board”) hereby notifies shareholders that Sello Rasethaba has, due to personal reasons, resigned as an independent non-executive director of the Company with immediate effect. The Board takes this opportunity to express their appreciation to Sello and extends its best wishes for his future endeavours. Cape Town 11 November 2020 Joint Sponsor Vunani Sponsors Joint Sponsor Merchantec Capital Date: 11-11-2020 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.