Conclusion of the investigation regarding charges of alleged attempted bribery against an executive director Pinnacle Holdings Limited (Previously Pinnacle Technology Holdings Limited) Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000184149 (“the Company” or “Pinnacle”) CONCLUSION OF THE INVESTIGATION REGARDING CHARGES OF ALLEGED ATTEMPTED BRIBERY AGAINST AN EXECUTIVE DIRECTOR Shareholders are referred to the previous SENS announcements dated 25 and 26 March 2014, as well as 24 April 2014, 2 July 2014 and 20 August 2014, regarding the charges of alleged attempted bribery brought against an executive director, Mr Takalani Tshivhase. Mr Tshivhase has today received written notification from the Specialised Commercial Crime Unit of the National Prosecuting Authority of South Africa (SCCU), that after careful consideration of the evidence at their disposal and consultation with, and evaluation of the reliability of all the state witnesses, the SCCU has come to the conclusion that the evidence presented is insufficient to provide a reasonable prospect of a successful prosecution. The charges against Mr Tshivhase will accordingly be withdrawn. The Company welcomes the decision. The conclusion and decision of the SCCU corroborates the Company’s own investigation into the matter and confirms the Company’s initial statement that from the evidence available to the Company, the Company was satisfied that there was no reason to doubt the veracity of Mr Tshivhase’s denial of the allegations. After what has been a most trying time for the Company, as well as Mr Tshivhase and his family, the Board re-assures all of its stakeholders that the Company continues to practice the highest standards of corporate governance and transparency. Mr Tshivhase, who was on leave of absence from the Company pending the outcome of the case, will now resume his duties. The Board thanks the many stakeholders that have shown faith and support in Pinnacle during this difficult period and now refocuses its energy on executing on its strategy. Midrand 25 August 2014 Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 25/08/2014 03:40:00 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.