PINNACLE TECHNOLOGY HOLDINGS LIMITED - RESULTS OF THE ANNUAL GENERAL MEETING AND

PINNACLE TECHNOLOGY HOLDINGS LIMITED - RESULTS OF THE ANNUAL GENERAL MEETING AND
SALIENT DATES PERTAINING TO THE MAIDEN DIVIDEND DECLARATION                     
Pinnacle Technology Holdings Limited                                            
(Registration number 1986/000334/06)                                            
Share code: PNC   ISIN: ZAE000022570                                            
("Pinnacle")                                                                    
RESULTS OF THE ANNUAL GENERAL MEETING AND SALIENT DATES PERTAINING TO THE MAIDEN
DIVIDEND DECLARATION                                                            
Shareholders are advised that all the special and ordinary resolutions proposed 
at the Annual General Meeting of Pinnacle held on Friday, 29 October 2004 at    
10h00, were approved by the requisite majority of shareholders.                 
The special resolutions have been lodged with the Companies and Intellectual    
Property Registration Office for registration.                                  
The resolutions pertained inter alia to the obtaining of a general authority to 
repurchase shares, the adoption of a share incentive scheme and the confirmation
of a maiden dividend declared by the directors, of 1.5 cents per share ("the    
dividend declaration").                                                         
The salient dates pertaining to the dividend declaration are as follows:        
                                        2004                                    
Last date to trade cum div              Friday, 19 November                     
Ordinary Shares trade ex div            Monday, 22 November                     
Record date to be recorded in                                                   
the register to participate                                                     
in the dividend distribution            Friday, 26 November                     
Payment date                            Monday, 29 November                     
Posting of cheques or electronic bank                                           
transfers in respect of certificated                                            
shareholders. Accounts credited at CSDP                                         
or broker in respect of dematerialised                                          
shareholders on.                        Monday, 29 November                     
Share certificates may not be dematerialised or rematerialised from Monday 22   
November to Friday 26 November 2004, both dates inclusive.                      
Midrand                                                                         
1 November 2004                                                                 
Sponsor                                                                         
Grant Thornton Corporate Finance (Proprietary) Limited                          
Date: 02/11/2004 07:00:08 AM Supplied by www.sharenet.co.za                     
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