PNC - Pinnacle Technology Holdings Limited - Appointment of Director

PNC - Pinnacle Technology Holdings Limited - Appointment of Director            
Pinnacle Technology Holdings Limited                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/000334/06)                                            
Share code: PNC                                                                 
ISIN: ZAE000022570                                                              
("Pinnacle")                                                                    
Appointment of Director                                                         
In terms of Rules 3.59 to 3.62 of the JSE Limited Listings Requirements,        
shareholders are advised that Chris Smyth has been appointed as Chief Financial 
Officer and Financial Director of Pinnacle with effect from 16 March 2011.      
Chris holds the following qualifications: B.Comm, Dipl Acc (Natal), CA (SA).    
Chris was General Manager of Operations at SAA from May 2007 until now, in which
he was responsible for the airline`s pilots, cabin crew, global operations      
control, in-flight logistics, customer care, airports and terminal staff at all 
the airports SAA serves, aviation security and aviation safety.                 
He also acted as SAA`s CEO for the 2009/2010 financial year in between the      
previous CEO, Khaya Ngqula and the present incumbent, Siza Mzimela.  He was an  
integral part of the team that restructured and turned SAA around from an R880m 
net loss for the year ended March 2007 into a R580m profit during the 2009/2010 
financial year.                                                                 
He has extensive financial experience in Africa having served as Group Financial
Director of Kenya Airways from 2001 to 2005 and then Chief Financial Officer of 
Virgin Nigeria Airways from its start up in 2005 until he left to join SAA in   
2007.                                                                           
Prior to his African experience, Chris was Finance Executive at Radiospoor      
Telecoms.                                                                       
Midrand                                                                         
25 February 2011                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Registration number 1996/000034/07)                                            
Date: 25/02/2011 10:52:55 Supplied by www.sharenet.co.za                     
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