Disclosure of acquisition and disposal of securities Pinnacle Holdings Limited (Previously Pinnacle Technology Holdings Limited) Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000184149 (“Pinnacle” or “the Company”) DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the Act”) and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Pinnacle has received formal notification in the prescribed form that Investec Limited, has acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Investec Limited has, as at 19 March 2014 increased to 5.1241% of the total issued share capital of the Company. Shareholders are hereby also advised that Pinnacle has received formal notification in the prescribed form that Investec Limited has disposed an interest in the securities of the Company, such that the total interest in the securities of the Company held by Investec Limited has, as at 20 March 2014 decreased to 4.8312% of the total issued share capital of the Company. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice with the Takeover Regulation Panel. Midrand 26 March 2014 Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 26/03/2014 01:00:00 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.