PINNACLE HOLDINGS LTD - Notice to all holders of the Group 1 notes issued by Pinnacle Holdings Limited under its DMTN Programme

Notice to all holders of the Group 1 notes issued by Pinnacle Holdings Limited under its DMTN Programme

Pinnacle Holdings Limited
(Previously Pinnacle Technology Holdings Limited)
Incorporated in the Republic of South Africa)
Registration No. 1986/000334/06)
Company code: PNC
ISIN: ZAG000105230
(“Pinnacle”)

NOTICE TO ALL HOLDERS OF THE GROUP 1 NOTES ISSUED BY PINNACLE HOLDINGS LIMITED
UNDER ITS R2, 500,000,000 DOMESTIC MEDIUM TERM NOTE PROGRAMME - EFFECTIVE
DATE OF AMENDMENTS TO THE TERMS AND CONDITIONS .


Pinnacle issued a consent request to all of the holders of Tranche 1 of Series 1 of Senior
Secured Notes issued by Pinnacle under its R2,500,000,000 domestic medium term note
programme ("Noteholders") on 9 December 2014 to consider and, if thought fit, to consent
thereto.

On 12 December 2014 Noteholders approved the applicable resolutions. Pinnacle now
wishes to advise Noteholders that all of the conditions, relating to the amendments to the
Terms and Conditions, have now been met. The effective date of such amendments is 19
February 2015.

The signed Applicable Pricing Supplement Amendment and the marked up Applicable
Pricing Supplement, reflecting the approved amendments to the Terms and Conditions,
have been signed and are available on Pinnacle's website at
http://www.pinnacleholdings.co.za/index.php/investor-relations/domestic-mt-notes.

27 February 2015.

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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