CANCELLATION OF S443791 Fulfilment of Outstanding Suspensive Conditions & Completion of the Kathea Comminutions Transaction 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”) FULFILMENT OF OUTSTANDING SUSPENSIVE CONDITIONS AND COMPLETION OF THE TRANSACTION IN WHICH AYO ACQUIRES 100% OF THE ISSUED SHARE CAPITAL AND OUTSTANDING SHAREHOLDER CLAIMS IN KATHEA COMMUNICATION SOLUTIONS PROPRIETARY LIMITED (“KATHEA COMMUNICATION”) 1. INTRODUCTION Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 21 August 2020 advising shareholders that AYO entered into a binding term sheet to acquire 100% of the issued share capital and respective outstanding shareholder claims (if any) in Kathea Communication (“the Kathea Communication Transaction”). 2. FULFILMENT OF CONDITIONS PRECEDENT AND IMPLEMENTATION AYO is pleased to advise shareholders that all suspensive conditions to the Kathea Communication Transaction as set out in the agreements, have been fulfilled or waived. Accordingly, the Kathea Communication Transaction is now unconditional and has been implemented, with the effective date of the share and purchase agreement being, 1 March 2021. Cape Town 17 March 2021 Joint Sponsor Vunani Sponsors Joint Sponsor Merchantec Capital Date: 17-03-2021 01:18:59 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.