POYNTING HOLDINGS LIMITED - ANNOUNCEMENT REGARDING THE ACQUISITION OF RADIANT ANTENNAS PROPRIETARY LIMITED

ANNOUNCEMENT REGARDING THE ACQUISITION OF RADIANT ANTENNAS PROPRIETARY LIMITED

                                    POYNTING HOLDINGS LIMITED
                               Incorporated in the Republic of South Africa
                                 (Registration number 1997/011142/06)
                                Share code: POY ISIN: ZAE000121299
                                               (“Poynting”)


   ANNOUNCEMENT REGARDING THE ACQUISITION OF RADIANT ANTENNAS PROPRIETARY
                                 LIMITED


1. INTRODUCTION
   The Board of directors of Poynting (“the Board”) is pleased to inform shareholders that Poynting, through
   its wholly-owned subsidiary, Poynting Antennas Proprietary Limited (“Poynting Antennas” or “the
   Company”) has entered into a Sale of Business Agreement, dated 10 July 2012, with Radiant Antennas
   Proprietary Limited (“Radiant”) to acquire the business of Radiant as a going concern (“the Acquisition”).

   Poynting Antenna’s will assume all assets of Radiant which include debtors, fixed assets, excluding one
   motor vehicle, stock, any pre-payments and Radiant’s right, title and interest in and to contracts,
   trademarks, goodwill and intellectual property rights and all liabilities of Radiant, excluding any
   shareholder loan accounts.

   Graeme Cunningham Davis, the founder and General Manager of Radiant has entered into a contract of
   employment with Poynting Antennas and will add considerably to the growth of the Company going
   forward.

2. THE ACQUISITION
   2.1 Nature of Radiant
        Radiant, is a South African based company which specialises in the design, manufacture and
        supply of High Frequency (“HF”), Very High Frequency (“VHF”) and Ultra High Frequency (“UHF”)
        antennas and masts for both military and civil applications.

        In addition to HF, VHF and UHF antennas, Radiant’s range of products also includes antennas for
        Wireless Local Area Networks.

        Radiant’s products which have been designed for military use are used globally by a number of
        countries.

   2.2 The rationale for the acquisition
        The acquisition will expand Poynting’s current product range to include HF, VHF and UHF
        antennas and masts, unlock operational efficiencies and further entrench Poynting in the
        international defence industry.
   2.3 Conditions precedent and effective date
        All conditions precedent have been fulfilled excepting the expiration of a period of 30 days after the
        last publication of the notice in terms of Section 34 of the Insolvency Act, 1936 (Act 24 of 1936),
        which publication occurred on 13 July 2012, without any proceedings being instituted by any
        creditor of Radiant for monies owed by Radiant to such creditor.

        The effective date of the Acquisition is 01 July 2012.
   2.4 Categorisation
        The Acquisition, due to its small size, falls below the transaction thresholds as set out in the JSE
        Limited Listings Requirements and therefore this is a voluntary announcement for information
        purposes only.
Johannesburg
7 August 2012

Designated Adviser
Merchantec Capital

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