PINNACLE - TRANSFER OF SECTOR

PINNACLE TECHNOLOGY HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 86/00334/06)
("PINNACLE" OR "THE COMPANY")
TRANSFER OF SECTOR

GREENWICH CAPITAL (PROPRIETARY) LIMITED IS AUTHORISED TO ANNOUNCE THAT THE
JOHANNESBURG STOCK EXCHANGE ("THE JSE") HAS APPROVED A TRANSFER OF SECTOR OF
PINNACLE FROM THE VENTURE CAPITAL MARKET TO THE INDUSTRIAL - "INFORMATION
TECHNOLOGY" SECTOR OF THE JSE LISTS WITH EFFECT FROM THE COMMENCEMENT OF
BUSINESS ON MONDAY, 15 NOVEMBER 1999. ONLY SHARE CERTIFICATES THAT ARE NOT
ENDORSED "VENTURE CAPITAL" WILL BE GOOD FOR DELIVERY FOR TRANSACTIONS ENTERED
INTO WITH EFFECT FROM MONDAY, 15 NOVEMBER 1999.
RATIONALE

PINNACLE HAS SATISFIED THE LISTINGS REQUIREMENTS OF THE JSE FOR THE TRANSFER OF
ITS LISTING TO THE MAIN BOARD OF THE JSE. IN PARTICULAR, FOLLOWING THE
EXCEPTIONAL FINANCIAL RESULTS PUBLISHED IN THE PRESS ON 28 SEPTEMBER 1999,
PINNACLE HAS NOW ACHIEVED THE NECESSARY PROFIT HISTORY AND SHAREHOLDER SPREAD
NECESSARY FOR SUCH TRANSFER. THE TRANSFER OF SECTOR WILL FURTHER RAISE THE
PROFILE OF THE COMPANY WITH BOTH INSTITUTIONS AND THE INVESTING PUBLIC.
SURRENDER PROCEDURE

FORMS OF SURRENDER TO FACILITATE THE SURRENDER OF EXISTING SHARE CERTIFICATES
TOGETHER WITH A COPY OF THIS ANNOUNCEMENT WILL BE POSTED TO SHAREHOLDERS TODAY.
SHAREHOLDERS ARE REQUESTED TO SURRENDER THEIR EXISTING SHARE CERTIFICATES UNDER
COVER OF A FORM OF SURRENDER TO MERCANTILE REGISTRARS LIMITED, EXCHANGES
DEPARTMENT, 7TH FLOOR, 11 DIAGONAL STREET, JOHANNESBURG, 2001 (PO BOX 1053,
JOHANNESBURG, 2000) AS SOON AS POSSIBLE TO ENABLE THE COMPANY TO ISSUE NEW
SHARE CERTIFICATES.

NEW SHARE CERTIFICATES WILL BE POSTED TO THE RELEVANT SHAREHOLDERS, BY
REGISTERED POST ON MONDAY,

15 NOVEMBER 1999, IF EXISTING SHARE CERTIFICATES HAVE BEEN SURRENDERED ON OR
PRIOR TO FRIDAY, 12 NOVEMBER 1999, OR WITHIN FIVE BUSINESS DAYS OF RECEIPT OF
EXISTING SHARE CERTIFICATES, IF RECEIVED AFTER MONDAY, 15 NOVEMBER 1999.
MIDRAND
1 NOVEMBER 1999
CORPORATE ADVISOR
GREENWICH CORPORATE ADVISORS (PTY) LTD
(REGISTRATION NUMBER 97/10123/07)
SPONSORING BROKER
GREENWICH SECURITIES (PTY) LTD
(REGISTRATION NUMBER 97/09716/07)