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 TAM Tshivhase 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 1 444 shares Price per share 1275 cents Value of Transaction R 18 411 Date of Transaction 10 March 2016 Name of Director TAM Tshivhase 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 6 trades totalling 18 556 shares Price per share 1275 cents Value of Transaction R236 589 Date of Transaction 11 March 2016 The trades were done on-market and clearance to deal was obtained in terms of paragraph 3.66 of the Listings Requirements. Midrand 14 March 2016 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 14/03/2016 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.