Pinnacle Technology Holdings Limited - RESTATEMENT OF Audited RESULTS for the

Pinnacle Technology Holdings Limited - RESTATEMENT OF Audited RESULTS for the   
year ended 30 June 2002                                                         
Pinnacle Technology Holdings Limited                                            
(Registration number 1986/000334/06)                                         
   Share code: PNC   ISIN: ZAE000022570                                         
   ("the group" or "the company")                                               
   www.pinnacle.co.za                                                           
RESTATEMENT OF Audited RESULTS for the year ended 30 June 2002                  
   Following a review by the JSE Securities Exchange South Africa in conjunction
with the GAAP Monitoring Panel, the audited results in respect of the year ended
30 June 2002 had to be restated, primarily as a result of non-compliance by the 
group and the company in certain circumstances with the latest South African    
statements of Generally Accepted Accounting Practice ("GAAP"). The details of   
the adjustments are disclosed in the restated annual report for the year ended  
30 June 2002.                                                                   
The reviewed interim results for the six months ended 31 December 2002, which
appear elsewhere in this publication, incorporates these restated results.      
   For a full appreciation of the adjustments, shareholders are referred to the 
restated annual report for the year ended 30 June 2002, which will be mailed    
together with this announcement.                                                
   Revised audit report for the year ended 30 June 2002                         
A revised audit report has been issued together with the restated 30 June 2002  
results with no change to the unqualified audit opinion. The audit report now   
states that the company and the group comply with Statements of GAAP. The       
revised unqualified audit report is available for inspection at the registered  
office of the company.                                                          
   By order of the board                                                        
Midrand                                                                         
27 March 2003                                                                   
   Registered Office:                                                           
                     Pinnacle Park                                              
269 16th Road                                              

                     Randjespark                                                
                     Midrand                                                    
Directors:                                                                      
C. Biddlecombe* (Chairman), A. J. Fourie (Chief Executive Officer),   
          L. Fourie, D. Lelo*, A. Tugenhaft*    *Non-executive                  
Sponsor:                                                                        
        LPC Manhattan Sponsors (Pty) Ltd                                        
Auditor:                                                                        
        Du Toit, Greeff & Du Plooy Incorporated