PNC - Pinnacle Technology Holdings Limited - Dealing in securities by director

PNC - Pinnacle Technology Holdings Limited - Dealing in securities by director  
Pinnacle Technology Holdings Limited                                            
Registration number 1986/000334/06                                              
Share Code: PNC                                                                 
ISIN: ZAE000022570                                                              
("Pinnacle")                                                                    
Dealing in securities by director                                               
In compliance with paragraphs 3.63 and 3.64 of the Listings Requirements of the 
JSE Limited ("Listings Requirements"), the following transaction took place by a
director of Pinnacle:                                                           
Name of Director:                       Arnold Fourie                           
Nature of transaction:                  Zero cost collar entered into for       
                                       hedging purposes                         
Trade Date:                             25 April 2007                           
Expiry Date                             4 April 2008 (Tranche 1)                
11 April 2008 (Tranche 2)                

                                       18 April 2008 (Tranche 3)                
                                       25 April 2008 (Tranche 4)                
Underlying                              Pinnacle (JSE Code: PNC)                
Quantity                                6 million shares                        
Buys                                    1 500 000 x R3.95 European Put (100% of 
                                       spot)                                    
                                       1 500 000 x R 3.85 European Put (97.5%   
of spot)                                 

                                       1 500 000 x R3.75 European Put (95% of   
                                       spot)                                    
                                       1 500 000 x R3.65 European Put (92.50%   
of spot)                                 

Sells                                   1 500 000 x R4.44 European Call (112.50%
                                       of spot)                                 
                                       1 500 000 x R4.54 European Call (115% of 
spot)                                    

                                       1 500 000 x R4.64 European Call (117.50% 
                                       of spot)                                 
                                       1 500 000 x R4.74 European Call (120% of 
spot)                                    

Premium                                 Nil                                     
Class of securities:                    Ordinary shares                         
Nature of interest:                     Indirect Beneficial                     
(held through Carmen Fourie Trust)       

Clearance obtained:                     Yes                                     
26 April 2007                                                                   
Sponsor                                                                         
Deloitte & Touche Sponsor Services                                              
Date: 26/04/2007 13:35:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.