Official withdrawal of charges

Pinnacle Holdings Limited

(Previously Pinnacle Technology Holdings Limited)

Registration number 1986/000334/06

Share Code: PNC

ISIN: ZAE000184149

(“the Company” or “Pinnacle”)

WITHDRAWAL OF CHARGES OF ALLEGED ATTEMPTED BRIBERY AGAINST AN EXECUTIVE DIRECTOR

Shareholders are referred to the previous SENS announcements dated 25 and 26 March 2014, as well as 24 April 2014, 2 July 2014 and 25 August 2014, regarding the charges of alleged attempted bribery brought against an executive director, Mr Takalani Tshivhase.

Mr Tshivhase appeared in court today where the charges were officially withdrawn by the State.

Midrand

9 September 2014

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd