PINNACLE HOLDINGS LIMITED - Charges against a customer of Pinnacle

Charges against a customer of Pinnacle

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

Charges against a customer of Pinnacle

Pinnacle shareholders are advised that Pinnacle Micro (Pty) Ltd, a major subsidiary of
Pinnacle, previously trading as “Pinnacle Africa”, has been mentioned in the charging and
court appearance of Brigadier-General Leon Eggers (“Eggers”) of the South African Defence
Force (the “Department”).

Eggers is accused of favouring Pinnacle Africa and another supplier in the award of business,
by using his official position to obtain from them private gifts or benefits for himself during
the performance of his duties.

Pinnacle Africa dealt with Eggers and the Department over a number of years and in the
same manner as any other customer. Pinnacle Africa networks with its customers and invites
customers to many events, including sporting events, at Pinnacle Africa’s expense. Pinnacle
Africa has never requested nor expected nor received, any special treatment or favours from
any of its customers, in return for any such entertainment provided by it, and it would never
do so.

Pinnacle will keep shareholders informed of any developments in this matter.

Midrand
26 September 2016
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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