Voluntary trading statement and update Pinnacle Holdings Limited Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000184149 (“Pinnacle” or “the Group” or “the Company”) VOLUNTARY TRADING STATEMENT AND UPDATE Revenue, Headline Earnings, Earnings per Share (“EPS”) and Headline Earnings per Share (“HEPS”) Shareholders are advised that the Company is reasonably certain that its interim results for the 6 months ended 31 December 2016 will reflect the following: 6 months to 6 months to 6 months to 31 December 2016 31 December 31 December 2016 Expected Values 2015 Actual Expected change percentage Revenue R6,300 to R6,375 R4,331 million +45% to +47% million Headline earnings R170 to R180 R150 million +13% to +20% million EPS 103 to 108 cents 94.4 cents +9% to +14% HEPS 104 to 108 cents 94.1 cents +11% to +15% A. The acquisitions of Datacentrix Holdings Limited and Solareff (Proprietary) Limited in the second half of the last financial year have contributed to the growth in revenue for the six months ended 31 December 2016. B. All operations within the group have performed in line with, or in excess of, our expectations, contributing to a pleasing increase in the profitability of the group. The above information has not been reviewed or reported on by the Company's auditors. The Company's unaudited interim financial results for the six months ended 31 December 2016 are expected to be published on SENS on or about 2 March 2017. Midrand 9 February 2017 Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 09/02/2017 04:07:00 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.