Acsion Limited (JSE:ACS) News - Renewal of Cautionary Announcement ACSION LIMITED Incorporated in the Republic of South Africa (Registration number 2014/182931/06) Share code: ACS ISIN: ZAE000198289 (“Acsion” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement dated 29 September 2021 (and using the terms defined therein unless otherwise stated), shareholders are advised that the Board evaluation of the potential conversion of the Company to a REIT is still in progress. Should the Board resolve to proceed with, and successfully conclude, the conversion of Acsion to a REIT, this may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities, until a further announcement is made. Johannesburg 10 November 2021 Sponsor Merchantec Capital Date: 10-11-2021 08:30:00 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.