Dealing in securities Pinnacle Holdings Limited Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000184149 (“Pinnacle”) Dealing in securities In compliance with paragraphs 3.63 and 3.64 of the Listings Requirements of the JSE Limited (“Listings Requirements”), Pinnacle advises that the following dealing took place by, a director of a major subsidiary of Pinnacle: Name of Director G J Wiehahn Position Executive Director of a major subsidiary Nature of Interest Direct / Beneficial Type of Transaction Sale of Securities Class of Security Ordinary shares in Pinnacle Number of shares 2 trades totalling 76 019 shares Price - High 1266.90 cents - Weighted average 1261.28 cents - Lowest 1259.79 cents Value of Transaction R 958 818 Date of Transaction 8 March 2016 Name of Director GJ Wiehahn Position Executive Director of a major subsidiary Nature of Interest Direct / Beneficial Type of Transaction Sale of Securities Class of Security Ordinary shares in Pinnacle Number of shares 3 trades totalling 26 881 shares Price - High 1260.00 cents - Weighted average 1259.92 cents - Lowest 1259.00 cents Value of Transaction R 338 678 Date of Transaction 9 March 2016 Name of Director GJ Wiehahn Position Executive Director of a major subsidiary Nature of Interest Direct / Beneficial Type of Transaction Sale of Securities Class of Security Ordinary shares in Pinnacle Number of shares 1 trade totalling 92 100 shares Price Per Share 1256.28 cents Value of Transaction R 1 157 033 Date of Transaction 10 March 2016 The shares were acquired through the Pinnacle Share Purchase Scheme Trust. The restrictive period, whereby the shares were unable to be traded, had passed and the share debt incurred on the acquisition of the shares needed to be settled. The proceeds from the sale of the shares are to be applied to settle the share debt. The trades were done on-market and clearance to deal was obtained in terms of paragraph 3.66 of the Listings Requirements. Midrand 11 March 2016 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 11/03/2016 04:00:00 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.