PINNACLE HOLDINGS LTD - Dealing in securities

Dealing in securities

Pinnacle Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle”)

Dealing in securities

In compliance with paragraphs 3.63 and 3.64 of the Listings Requirements of the JSE Limited (“Listings Requirements”),
Pinnacle advises that the following dealing took place by a director of a major subsidiary of Pinnacle:

Name of Director                                 TAM Tshivhase
Position                                         Executive Director of a major subsidiary
Nature of Interest                               Direct / Beneficial
Type of Transaction                              Sale of Securities
Class of Security                                Ordinary shares in Pinnacle
Number of shares                                 83 trades totalling 146 000 shares
Price - High                                     1205.00 cents
    - Weighted average                           1200.30 cents
    - Lowest                                     1200.00 cents
Value of Transaction                             R 1 752 438
Date of Transaction                              15 September 2015

Name of Director                                 TAM Tshivhase
Position                                         Executive Director of a major subsidiary
Nature of Interest                               Direct / Beneficial
Type of Transaction                              Sale of Securities
Class of Security                                Ordinary shares in Pinnacle
Number of shares                                 275 trades totalling 233 000 shares
Price - High                                     1235.00 cents
    - Weighted average                           1219.80 cents
    - Lowest                                     1204.00 cents
Value of Transaction                             R 2 842 134
Date of Transaction                              16 September 2015


The shares had been acquired three years ago through the Pinnacle Share Purchase Scheme Trust. The restrictive
period, whereby the shares were unable to be traded, had passed and the share debt incurred on the acquisition of
the shares needed to be settled. Most of the proceeds from the sale of the shares are to be applied to settle the
share debt.

The trades were done on-market and clearance to deal was obtained in terms of paragraph 3.66 of the Listings
Requirements.

Midrand
18 September 2015

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 18/09/2015 01:21:00 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.