Unaudited interim financial results for the six months ended 31 August 2020 ACSION LIMITED (Registration number 2014/182931/06) (Incorporated in the Republic of South Africa) Share code: ACS ISIN: ZAE000198289 ("Acsion" or "the Company") Unaudited Interim Financial Results For the six months ended 31 August 2020 Highlights REVENUE 21.4% decrease from R336.4 million to R264.5 million HEADLINE EARNINGS PER SHARE 26.5% decrease from 32.4 cents per share to 23.8 cents per share EARNINGS PER SHARE 27.7% decrease from 32.9 cents per share to 23.8 cents per share NET ASSET VALUE PER SHARE 7.3% increase from 1 768.3 cents per share to 1 898.1 cents per share No dividends were declared for either periods under review. This short form announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does not contain full or complete details and was released on SENS on 26 November 2020. The full announcement can be found on the Company's website https://www.acsionsa.co.za/sens.htm and on the JSE's website at https://senspdf.jse.co.za/documents/2020/jse/isse/ACSE/ie2020.pdf. The full announcement is available for inspection, at no charge, at the registered office of Acsion at Mall@Reds Shopping Centre, Corner Hendrik Verwoerd and Rooihuiskraal Drive, Rooihuiskraal Ext 15, Centurion, from 08:00 to 17:00 on business days or Copies of the full announcement are available on request by emailing sandarie@acsionsa.co.za Any investment decisions should be based on the full announcement published on SENS and on the Company's website. T Jali K Anastasiadis Chairman Chief Executive Officer 26 November 2020 Directors: T Jali (Chairman)*, K Anastasiadis (CEO), S le Roux (FD), PD Sekete*, M Hlobo* (*Independent non-executive) Registered offce: Mall@Reds, 1st Floor, Corner of Rooihuiskraal and Hendrik Verwoerd Drives, Rooihuiskraal Ext 15, Centurion Postal address: PO Box 569, Wierda Park, 0149 Registration number: 2014/182931/06 Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Bierman Avenue, Rosebank, 2192 Sponsor: Nedbank Corporate and Investment Banking Company secretary: MWRK Accountants and Auditors Incorporated Chartered Accountants www.acsionsa.co.za Date: 26-11-2020 05:00:00 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.