Recomposition of the Remuneration Committee Pinnacle Holdings Limited (Previously Pinnacle Technology Holdings Limited) Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000184149 (“Pinnacle”) RECOMPOSITION OF THE REMUNERATION COMMITTEE In terms of the JSE Listings Requirements the Board of Pinnacle is required to appoint a Remuneration Committee. The King III code outlines the composition of the Remuneration Committee which should only comprise board members and have a majority of non- executive directors. The majority of the non-executive directors serving on the Remuneration Committee should be independent. The chairman of the board may be a member of the Committee but is not allowed to chair it. The Board is cognisant that the selection of the Remuneration Committee and determined composition is essential to formalise and oversee the implementation of a Remuneration Policy that subscribes to both the guidelines of King III and to international best practice. The Board is therefore pleased to announce that the Remuneration Committee has been reconstituted as follows, effective 12 February 2015: Ms. N Medupe (Chair) Independent Non- Executive Director Ms. S Chaba (Member) Independent Non- Executive Director Mr. A Tugendhaft (Member) Non- Executive Director Mr. E van der Merwe steps down from the Remuneration Committee with effect from 12 February 2015. Midrand 13 February 2015 Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 13/02/2015 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.