Appointment of an Executive Director Pinnacle Holdings Limited (Previously Pinnacle Technology Holdings Limited) Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000184149 (“Pinnacle” or “Pinnacle Group”) Appointment of an Executive Director In terms of paragraphs 3.59 to 3.62 of the Listings Requirements of the JSE Limited, shareholders are advised that the Board of Directors of Pinnacle (“the Board”) has appointed an additional executive director, Mr Henry Ferreira (age 61) (”Mr Ferreira”) to serve on the Board in order to enhance the capacity of the Board and also assist in managing the future growth of Pinnacle. The appointment is effective 1 June 2014. Mr Ferreira held the role of CEO of Axiz (Pty) Ltd, trading as AxizWorkgroup (“AxizWorkgroup”) a major subsidiary in the Pinnacle Group, for the last two years. Mr Ferreira has been appointed to the position of Executive Director: Head of Distribution for Pinnacle Group. Mr. Ferreira is an industry veteran, bringing over 30 years’ experience in the ICT industry to the table. He is well known in the South African market for his roles as Country General Manager for Hewlett Packard South Africa (Pty) Ltd and Managing Director of Compaq Africa (Pty) Ltd. Prior to joining AxizWorkgroup as the CEO in February 2012, Mr. Ferreira held the position of Country General Manager for Lenovo Africa (Pty) Ltd, where he was responsible for managing and growing the Lenovo business whilst maintaining and growing relationships with key enterprise customers and business partners. He has also held Executive positions with Microsoft Southern Africa, Nokia Networks, Unisys Africa and Hewlett Packard UK & Ireland. The Board welcomes Mr Ferreira in his new role. Midrand 19 May 2014 Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 19/05/2014 04:13:00 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.