AYO TECHNOLOGY SOLUTIONS LIMITED - Short-Form Announcement: Interim Results for the Six Months Ended 28 February 2021 and Dividend Declaration

Short-Form Announcement: Interim Results for the Six Months Ended 28 February 2021 and Dividend Declaration

AYO TECHNOLOGY SOLUTIONS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1996/014461/06
JSE share code: AYO
ISIN: ZAE000252441
(“AYO Technology” or “the Company”)

Short-Form Announcement: Interim Results for the Six Months Ended 28 February 2021 and Dividend
Declaration

1. Highlights

•   Revenue decreased by 36% to R859 million from R1.3 billion in the prior period
•   Profit before tax decreased by 142% from R160 million in the prior year to a loss of R66 million
•   Earnings per share decreased by 184% to a loss of 30.11 cents per share from earnings per share
    of 35.70 cents in the prior period
•   Headline earnings per share decreased by 170% to a loss of 25.09 cents per share from earnings
    per share of 35.81 cents in the prior period
•   Gross dividends per share increased by 86% from 35 cents per share in the prior period to 65 cents
    per share.

2. Interim results

The Company wishes to inform shareholders that the full announcement in respect of the
consolidated unaudited interim results for the six months ended 28 February 2021 (“Unaudited 2021
Interim Results”) is available at https://senspdf.jse.co.za/documents/2021/jse/isse/ayoe/AYO LF.pdf
and on the Company’s website at https://ayotsl.com/investor-centre/2021-2/ .

Copies of the full announcement in respect of the Unaudited 2021 Interim Results may also be
requested from the Company secretary at wazeer.moosa@ayotsl.com and either of the joint
sponsors, being Vunani Sponsors or Merchantec Capital, at sponsor@vunanicapital.co.za or
sponsorteam@merchantec.co.za. These will be sent electronically upon request during office hours
at no charge.

This short-form announcement is the responsibility of the board of directors. This announcement is a
summary of the information in the full announcement and does not contain full or complete details.

Any investment decision by investors and/or shareholders should be based on consideration of the
full announcement which has been released on SENS and available for viewing on the Company's
website.

3. Declaration of interim ordinary dividend

Notice is hereby given that a gross interim dividend of 65 cents per share has been declared by the
Board of AYO out of income reserves in respect of ordinary shares of no-par value for the six months
ended 28 February 2021.

A dividend withhold tax of 20% or 13 cents per share will be applicable, resulting in a net dividend of
52 cents per share unless the shareholder concerned is exempt from paying dividend withholding tax.

The issued share capital at the declaration date is 344 123 944 ordinary shares.

The Company’s income tax number is 9389007031.
The salient dates of the dividend distribution are as follows:

Gross dividend (cents per share)                                      65

Dividend net of dividend withholding tax (cents per share)            52

Last day to trade cum dividend                                       Tuesday, 8 June 2021
Trading ex-dividend commences                                        Wednesday, 9 June 2021
Record date                                                          Friday, 11 June 2021
Date of payment                                                      Monday, 14 June 2021

Share certificates may not be dematerialised or rematerialized between Wednesday, 9 June 2021 and
Friday, 11 June 2021, both days inclusive.

Cape Town
25 May 2021

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 25-05-2021 05:30:00
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