Notice of meeting of all holders of the Group 1 notes issued by Pinnacle Pinnacle Holdings Limited (Previously Pinnacle Technology Holdings Limited) Incorporated in the Republic of South Africa) Registration No. 1986/000334/06) Company code: PNC (“Pinnacle”) NOTICE OF MEETING OF ALL HOLDERS OF THE GROUP 1 NOTES ISSUED BY PINNACLE HOLDINGS LIMITED UNDER ITS R2, 500,000,000 DOMESTIC MEDIUM TERM NOTE PROGRAMME Pinnacle hereby gives notice that a meeting of all of the holders of Tranche 1 of Series 1 of Senior Secured Notes (the "Group 1 Notes") issued by Pinnacle under its R2,500,000,000 domestic medium term note programme (the "Group 1 Noteholders"), will be held on 9 December 2014 at 10h00 at the offices of Rand Merchant Bank, a division of FirstRand Bank Limited, 1 Merchant Place, Corner Fredman Drive and Rivonia Road, Sandton. For further information regarding the proposed amendments to the Terms and Conditions, refer to the Amended and Restated Applicable Pricing Supplement which is available on Pinnacle's website at http://www.pinnacleholdings.co.za/index.php/investor- relations/domestic-mt-notes. The complete notice is being delivered to the JSE and Strate in accordance with Condition 19 (Amendment of these Conditions) of the Terms and Conditions and Condition 19 (Amendment of these Conditions) of the Additional Terms and Conditions as read with Condition 18 (Notices) of the Terms and Conditions. 3 December 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 03/12/2014 11:00:00 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.