PNC - Pinnacle Technology Holdings Limited - Trading update and Trading

PNC - Pinnacle Technology Holdings Limited - Trading update and 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 UPDATE AND TRADING STATEMENT                                            
Pinnacle`s shareholders are informed that, for the twelve months ended 30 June  
2009, Pinnacle`s turnover increased by 16% to R 2.89 billion (30 June 2008: R2.5
billion).                                                                       
Fully diluted headline earnings per share is projected to be between 58 and 62  
cents per share, being between 1.4% and 8.4% higher than the results of the     
comparative period  (30 June 2008: 57.2 cents per share).                       
Stakeholders are reminded that the above results include a foreign exchange loss
of R32 million realized on uncovered foreign denominated liabilities incurred   
during the devaluation of the ZAR in October 2008.                              
Fully diluted headline earnings per share, if adjusted for the exceptional      
foreign exchange loss, is expected to be between 68 and 73 cents per share,     
being between 19% and 27% higher than the previous year (30 June 2008: 57.2     
cents per share).                                                               
Earnings per share is projected to be between 71 and 75 cents per share, being  
between 2.5% and 8.2% higher than the results of the comparative period (30 June
2008: 69.3 cents per share).                                                    
Headline earnings per share is projected to be between 71 and 75 cents per      
share, being between 1.4% and 7.1% higher than the results of the comparative   
period (30 June 2008: 70 cents per share).                                      
During the period under review the balance sheet was strengthened considerably. 
Cash flows from operations amounted to R127 million (30 June 2008: R78 million).
Net cash on hand increased from R77 million to R164 million, long term debt was 
reduced to 3% of equity and net tangible asset value has increased 60% from     
126.8 cents per share to 203 cents per share.                                   
The above information has not been reviewed or reported on by the company`s     
auditors. The company`s financial results for the 12 months ended 30 June 2009  
are expected to be published on or about 14 September 2009.                     
Midrand                                                                         
Friday, September 04, 2009                                                      
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 04/09/2009 09:40:02 Supplied by www.sharenet.co.za                     
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