PINNACLE HOLDINGS LTD - Disposal of Infrasol Proprietary Limited - Fulfilment of conditions precedent

Disposal of Infrasol Proprietary Limited - Fulfilment of conditions precedent

Pinnacle Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle” or “the Group” or “the Company”)

DISPOSAL OF INFRASOL PROPRIETARY LIMITED – FULFILMENT OF CONDITIONS PRECEDENT

Following the SENS announcement of 17 April 2015 by the board of directors of Pinnacle (“the Board”),
that it had entered into an agreement with Datacentrix Proprietary Limited, a wholly-owned subsidiary of
Datacentrix Holdings Limited, to dispose of 100% of the issued share capital of Pinnacle’s wholly-owned
subsidiary, Infrasol Proprietary Limited (“Infrasol”), including Infrasol’s subsidiary, Merqu
Communications Proprietary Limited as one indivisible transaction, the Board is pleased to now advise
shareholders that all conditions precedent have been met and the transaction is now unconditional.

Midrand
30 July 2015

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Legal Advisor: Tugendhaft Wapnick Banchetti and Partners

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