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 Mr T van Zyl, a director of a major subsidiary of Pinnacle:

Name of Director                                 T van Zyl
Position                                         Executive Director
Nature of Interest                               Direct / Beneficial
Type of Transaction                              Sale of Securities
Class of Security                                Ordinary shares in Pinnacle
Number of shares                                 91 trades totalling 300 000 shares
Price - High                                     1264.00 cents
    - Weighted average                           1250.64cents
    - Lowest                                     1250.00 cents
Value of Transaction                             R 3 751 920
Date of Transaction                              11 September 2015

These 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
14 September 2015

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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