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Pinnacle Technology Holdings Limited - Trading Statement

Release Date: 02/03/2006 15:09
Code(s): PNC
Wrap Text

Pinnacle Technology Holdings Limited - Trading Statement 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 In terms of the JSE Limited"s ("JSE") Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period. As a result of the above, Pinnacle"s shareholders are informed that, for the six months ended 31 December 2005, Pinnacle"s headline earnings are expected to be between 11,8 and 12,2 cents per share, being between 288% and 298% of the results of the comparative period (31 December 2004: 4,1 cents). Pinnacle"s earnings are expected to be between 11,5 and 11,9 cents per share, being between 295% and 305% of the results of the comparative period(31 December 2004: 3,9 cents). In compliance with the JSE Listings Requirements, the financial results of Pinnacle for the six months ended 31 December 2005 will be prepared for the first time in accordance with International Financial Reporting Standards and the prior period"s results will be restated on the same basis. We do not expect this restatement to have a material effect on the comparisons above The above information has not been reviewed or reported on by the company"s auditors. The company"s interim results for the six months ended 31 December 2005 are expected to be published on or about 14 March 2006. Midrand 2 March 2006 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 02/03/2006 03:09:17 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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