Trading Statement for the Six Months Ended 28 February 2019 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 “Group” or the “Company”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 28 FEBRUARY 2019 In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous corresponding period. Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that for the six months ended 28 February 2019: • The Group expects to report profit after tax (“PAT”) of between R202 million and R215 million, representing an increase of between 206% and 226%, compared to PAT of R66 million reported for the six months ended 28 February 2018; • The Group expects to report basic earnings per share (“EPS”) of between 54.88 and 58.41 cents per share, representing an increase of between 210% and 230%, compared to EPS of 17.68 cents per share reported for the six months ended 28 February 2018; and • The Group expects to report headline earnings per share (“HEPS”) of between 54.93 and 58.40 cents per share, representing an increase of between 216% and 236%, compared to HEPS of 17.36 cents per share reported for the six months ended 28 February 2018. The increase in EPS and HEPS compared to the prior interim period is primarily as a result of organic growth as well as the positive contributions from a recently acquired subsidiary and investments made during the current interim period. The financial information on which this trading statement is based has not been reviewed or reported on by AYO’s auditors. The Group is in the process of finalising its financial results for the six months ended 28 February 2019, which are scheduled to be released on SENS on or about 1 April 2019. Cape Town 28 March 2019 Joint Sponsor Vunani Capital Joint Sponsor Merchantec Capital Date: 28/03/2019 03:10:00 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.