PNG - Pinnacle Point Group Limited - Extension of dates of conditions precedent

PNG - Pinnacle Point Group Limited - Extension of dates of conditions precedent 
regarding the sale of Pinnacle Point Golf and Beach Resorts                     
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")                                             
EXTENSION OF DATES OF CONDITIONS PRECEDENT REGARDING THE SALE OF PINNACLE POINT 
GOLF AND BEACH RESORTS                                                          
Further to the announcement on SENS on 17 May 2011, shareholders are advised    
that the date for proof of funds and guarentees to be received in relation to   
the sale of Pinnacle Point Golf and Beach Resorts by the German consortium by 31
May 2011 has now been extended to 30 June 2011.                                 
A full announcement, including pro forma financial effects, will be made to     
shareholders once all the conditions precedent have been met and the transaction
finalised.                                                                      
Johannesburg                                                                    
09 June 2011                                                                    
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 09/06/2011 16:11:01 Supplied by www.sharenet.co.za                     
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