PNG - Pinnacle Point Group Limited - Change in roles of directors and

PNG - Pinnacle Point Group Limited - Change in roles of directors and           
appointment of new CEO                                                          
PINNACLE POINT GROUP LIMITED                                                    
(Registration Number: 2000/000059/06)                                           
ISIN code:  ZAE000127122        Share code: PNG                                 
("Pinnacle Point" or "the Company")                                             
CHANGE IN ROLES OF DIRECTORS AND APPOINTMENT OF NEW CEO                         
In compliance with section 3.59 of the Listings Requirements of the JSE         
Limited, the board is pleased to announce the change in role of Mr Sibusiso     
Gamede from independent non-executive director to Chief Executive Officer of    
the Company and the role of Mr Steven Kruger will revert to that of Financial   
Director. Both these changes are with immediate effect.                         
Mr Gamede is currently the Acting Chief Land Claims Commissioner in the         
Department of Rural Development and Land Reform. He has a LLB (Honours)         
qualification from Warwick University in the UK, as well as having obtained     
various diplomas relating to law and legal practise from the UK and USA. Mr     
Gamede has been admitted is an admitted attorney and conveyancer of the High    
Courts of South Africa and Lesotho.                                             
Mr Gamede spent many years overseas and has vast international experience,      
having served as the Head of the South African Government Delegation to the     
Basel Convention,  Chairperson of the Africa Legal Group in Geneva,             
representative of Africa in the Drafting of the Compliance Regime under the     
Basel Convention, Chair of the Strategic Planning Committee for the Basel       
Convention, Head of South African Delegation Climate Change negotiations,       
Bonn, Advisor To Minister Moosa(RSA) and Minister Rothschild(Sweden) UNFCCC,    
Chairperson of the Least Developed Countries Substance Group in Morocco, and    
Head of South African Government Delegation POPS.                               
Mr Gamede has served as the Chief Executive Officer of Black Lawyers            
Association-Legal Education Centre from 1997 - 2001, Chief Director of the      
Department of Environmental Affairs and Tourism to 2002, a consultant for the   
United Nations (Basel Convention-Pretoria Regional Centre) from 2002 - 2004,    
Chief Executive Officer of Sibusiso Legal Consultants from 2003 to 2005,        
Consultant to the Department of Minerals and Energy(Mineral Resources)and       
Senior Partner at Smit Jones and Pratt Attorneys, Senior partner at Gamede      
Attorneys and Conveyancers and as a Special Advisor to the Minister of          
Agriculture and Land Affairs.                                                   
JOHANNESBURG                                                                    
18 February 2011                                                                
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 18/02/2011 17:42:24 Supplied by www.sharenet.co.za                     
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