Court finds notice issued by CIPC of no force and effect 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") Court finds notice issued by CIPC of no force and effect Shareholders are referred to the announcement released on SENS on 11 March 2019 referring to the application brought by AYO to interdict the Companies and Intellectual Property Commission (“CIPC”) from enforcing the compliance notice (“Notice”) issued to the board of directors of the Public Investment Corporation (SOC) Limited (“PIC”) on or about 21 February 2019 as well as interdict the PIC from acting on the said Notice. Shareholders are advised that in addition to AYO approaching the courts as set out above, the PIC also brought an application before the High Court Of South Africa, Gauteng Division, to have the Notice set aside, which ruling was handed down today. On 26 March 2019, Judge, Cornelius Van Der Westhuizen, ruled in favour of the PIC and declared the Notice to be unlawful, and therefore of no force and effect. Due to the ruling in favour of the PIC, the successful action brought by AYO is moot and was therefore removed from the roll. The cases were dismissed with costs. Cape Town 26 March 2019 Joint Sponsor Vunani Corporate Finance Joint Sponsor Merchantec Capital Date: 26/03/2019 01:00:00 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.