Pinnacle - Trading Update And Cautionary Announcement

Pinnacle - Trading Update And Cautionary Announcement                           
Pinnacle Technology Holdings Limited                                            
(Registration number 1986/000334/06)                                            
Share code: PNC   ISIN: ZAE000022570                                            
("Pinnacle" or "the Company")                                                   
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Shareholders are advised that Pinnacle"s earnings and headline earnings for the 
year ended 30 June 2004, will be substantially higher ("substantially" being an 
increase of equal to or greater than 30% as defined in paragraph 3.4 (b) (i) of 
the JSE Securities Exchange South Africa ("JSE") Listings Requirements), than   
that of the prior comparative period.                                           
The improvement in earnings is mainly attributable to increased revenues and    
margins resulting from increased level of trading activities in both the        
corporate and government sectors within its primary operating subsidiary,       
Pinnacle Micro (Proprietary) Limited.                                           
The earnings and headline earnings for the year ended 30 June 2004 have not been
reviewed and reported on by Pinnacle"s auditors, and shareholders are           
accordingly advised to exercise caution when dealing in the Company"s securities
on the JSE until the audited results are announced, which is                    
expected to be on or about 30 September 2004.                                   
Midrand                                                                         
1 July 2004                                                                     
Sponsor                                                                         
Grant Thornton Corporate Finance (Pty) Ltd                                      
Date: 01/07/2004 04:32:12 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department