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 Date: 07/08/2012 02:01:00 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.