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Pinnacle - Trading statement for the year ending 30 June 2005

Release Date: 22/06/2005 14:29
Code(s): PNC
Wrap Text

Pinnacle - Trading statement for the year ending 30 June 2005 Pinnacle Technology Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1986/000334/06) Share code: PNC ISIN: ZAE000022570 ("Pinnacle" or "the company") TRADING STATEMENT FOR THE YEAR ENDING 30 JUNE 2005 In terms of the Listings Requirements of the JSE Securities Exchange South Africa ("JSE Listings Requirements"), companies are required to publish a trading statement as soon as they become aware that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period. Pinnacle accordingly advises that management"s review of the financial results expected for the year ending 30 June 2005 has indicated that Pinnacle will post improvements in headline earnings per share and earnings per share of between 55% and 75% compared to the respective audited headline earnings per share of 8.9 cents and earnings per share of 8.5 cents for the corresponding period ended 30 June 2004. The financial results on which this trading statement has been based have not been reviewed or reported on by the Group"s auditors. The financial results of the Group will be published on about 14 September 2005. Midrand Wednesday, 22 June 2005 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd (Registration number 1996/000034/07) Date: 22/06/2005 02:29:08 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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