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PNC - Pinnacle Technology Holdings Limited - Announcement Pinnacle Technology Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1986/000334/06) JSE Code: PNC ISIN: ZAE000022570 ("Pinnacle" or "The Group") ANNOUNCEMENT Pinnacle is pleased to announce the acquisition of 100% of the issued share capital and shareholders loans of Tri Continental Distribution S.A. (Pty) Ltd ("Tricon"). Tricon distributes internationally recognized IBM and Lenovo notebooks, personal computers, printers and servers in South Africa. The acquisition of Tricon is considered strategic as it grants the Group access to marketing channels, market segments and product sets not available to it previously. Although the transaction falls below the threshold of the categorization of transactions which require disclosure in terms of the JSE Limited`s Listings Requirements, the directors of Pinnacle have considered the strategic nature of the acquisition and deem it appropriate to inform shareholders of the transaction. The transaction is subject to various conditions precedent, including the approval of the Competition Commission, and should be completed by early next year. Midrand 7 December 2007 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd (Incorporated in the Republic of South Africa) (Registration number 1996/000034/07) Date: 07/12/2007 14:25:41 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
