BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION AND BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT: ANNUAL COMPLIANCE REPORT

ALVIVA HOLDINGS LIMITED

(Previously Pinnacle Holdings Limited)

(Incorporated in the Republic of South Africa)

(Registration number:1986/000334/06)

(Share Code: AVV ISIN Code: ZAE000227484)

(“Alviva” or “the Company”)

BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION AND BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT: ANNUAL COMPLIANCE REPORT

Board- Based Black Economic Empowerment (“B-BBEE”) Transaction

On 2 August 2016 Alviva announced the conclusion of itsB-BBEE transactionthrough its subsidiary DCT Holdings (Pty)Ltd(“DCT Holdings”).A broad-based trust,the Ledibogo Trust(“the Ledibogo Trust”)(Previouslythe Pinnacle Foundation Trust ), through its wholly-owned subsidiary, Ledibogo (RF)  Proprietary Limited (“Ledibogo RF”) (Previously Pinnacle Foundation (RF) Proprietary Limited), acts as the B-BBEE partner to the B-BBEE Transaction and subscribed for 29,93% of the ordinary issued shares in DCT Holdings.

Due to changes in the recently gazetted ICT Sector code, whereby foreign mandated investments are no longer excluded from shareholding calculations for B-BBEE purposes, the effective black ownership in DCT Holdings, as a result of the flow through from Alviva, reduced below 51%. Management consider it essential for transformation and business growth that the black ownership of DCT Holdings be maintained at above 51%.

Following an independent valuation of the ordinary shares of DCT Holdings, the Ledibogo Trust through Ledibogo RF, have subscribed for a further 106 shares in DCT Holdings representing an additional effective 9.15 % shareholding. The subscription of shares is funded by an interest free loan from DCT Holdings for R90 328 037, to be repaid out of future distributions received from DCT Holdings. The subscription of shares is below the categorisation thresholds of the JSE Listings Requirements.

Annual Compliance Report

In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listings Requirements, notice is hereby given that the Company’s annual compliance report in terms of section 13G(2) of the Act has been issued and its B-BBEE certificate is available on the Company’s website at www.alvivaholdings.com

Midrand

29 September 2017

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