Acceptance of forfeitable share grants to directors Alviva Holdings Limited (Formerly Pinnacle Holdings Limited) (Incorporated in the Republic of South Africa) Registration number 1986/000334/06 Share Code: AVV ISIN: ZAE000227484 (“Alviva” or “The Company”) ACCEPTANCE OF FORFEITABLE SHARE GRANTS TO DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: DIRECTORS OF ALVIVA HOLDINGS LIMITED Name P Spies Office held Chief Executive Officer Company Alviva Holdings Limited Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 300 000 Award price R16.75 Total value of award R5 025 000 Nature of interest Direct beneficial Clearance obtained Yes Name RD Lyon Office held Chief Financial Officer Company Alviva Holdings Limited Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 150 000 Award price R16.75 Total value of award R2 512 500 Nature of interest Direct beneficial Clearance obtained Yes DIRECTORS OF MAJOR SUBSIDIARIES Name CJ Brunsden Office held Managing Director Company Axiz (Pty) Ltd Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 150 000 Award price R16.75 Total value of award R2 512 500 Nature of interest Direct beneficial Clearance obtained Yes Name CY Li Office held Finance Director Company Axiz (Pty) Ltd Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 60 000 Award price R16.75 Total value of award R1 005 000 Nature of interest Direct beneficial Clearance obtained Yes Name RN Nkuna Office held Human Resource Director Company Axiz (Pty) Ltd Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 60 000 Award price R16.75 Total value of award R1 005 000 Nature of interest Direct beneficial Clearance obtained Yes Name TP Humphreys-Davies Office held Managing Director Company Pinnacle Micro (Pty) Ltd Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 150 000 Award price R16.75 Total value of award R2 512 500 Nature of interest Direct beneficial Clearance obtained Yes Name GJ Wiehahn Office held Financial Director Company Pinnacle Micro (Pty) Ltd Date of acceptance 15 June 2017 Off-market acceptance of conditional share grants vesting on or Nature of transaction after 15 June 2020 Class of securities Ordinary shares Number of forfeitable shares 70 000 Award price R16.75 Total value of award R1 172 500 Nature of interest Direct beneficial Clearance obtained Yes Midrand 21 June 2017 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 21/06/2017 03:30:00 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.