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PNG - Pinnacle Point Group Limited - Renewal of cautionary announcement

Release Date: 29/04/2011 08:07
Code(s): PNG
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PNG - Pinnacle Point Group Limited - Renewal of cautionary announcement PINNACLE POINT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2000/000059/06) JSE Share code: PNG NSE Share code: PNG ISIN: ZAE000127122 ("Pinnacle Point" or the "Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT - PINNACLE POINT GOLF AND BEACH RESORTS Further to the cautionary announcements dated 24 December 2010, 04 February 2011 and 18 March 2011 respectively, shareholders are advised that the negotiations referred to therein are still in progress. A re-instatement agreement of sale has been entered into with effect from 18 April 2011 whereby the Main Agreement signed on 03 February 2011 has been re- instated with amended conditions precedent and an extension of dates for proof of funds and guarantees by 31 May 2011. Accordingly, shareholders are advised to continue to exercise caution until a full terms announcement is made. Johannesburg 29 April 2011 Designated Advisor Arcay Moela Sponsors (Proprietary) Limited Date: 29/04/2011 08:07:01 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.

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