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PNC - Pinnacle Technology Holdings Limited - Announcement regarding acquisition Pinnacle Technology Holdings Limited Registration number 1986/000334/06 Share Code: PNC ISIN: ZAE000022570 ("Pinnacle") Announcement regarding acquisition Shareholders are referred to the SENS announcement dated 7 December 2007 and interim results announcement dated 19 February 2008 wherein they were advised that Pinnacle has entered into an agreement to acquire 100% of the issued share capital and shareholders` loans of Tri Continental Distribution S.A. (Pty) Limited ("Tricon"), subject to Competition Commission approval and certain conditions precedent. As announced, 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. Shareholders are hereby advised that all the conditions precedent, including Competition Commission approval have been fulfilled and that the acquisition therefore is unconditional. Midrand 3 April 2008 Sponsor Deloitte and Touche Sponsor Services (Pty) Limited Date: 03/04/2008 10:11:02 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.
