PNG - Pinnacle Point - Business Rescue Application

PNG - Pinnacle Point - Business Rescue Application                              
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")                                             
BUSINESS RESCUE APPLICATION                                                     
NOTICE is hereby given to all shareholders of Pinnacle Point Group Ltd of a     
business rescue application in terms of Section 131 of the Companies Act, 71 of 
2008 ("the Act").                                                               
1.   Shareholders of Pinnacle Point Group Ltd are hereby notified that an       
    application will be heard in the Cape High Court on WEDNESDAY 27 JULY 2011  
    at 10h00 or so soon thereafter as counsel may be heard, which application   
is being brought by Cape Point Vineyards (Pty) Ltd under case number        
    12746/2011, wherein the following order will be sought:                     
    1.1  That the Applicant`s non-compliance with the forms and service         
         provided for in Rule 6 of the Uniform Rules of Court be condoned and   
that this matter be heard as one of urgency in terms of Rule 6(12)     
         thereof.                                                               
    1.2. Confirming that the Respondent entered business rescue proceedings on  
         the date upon which the application was issued (being 27 June 2011).   
1.3  Placing the Respondent under the supervision and commencing business   
         rescue proceedings in terms of the Act.                                
    1.4  Appointing Mr Michael John Lane as an interim Business Rescue          
         Practitioner ("the Practitioner").                                     
1.5  Directing the Respondent to notify each affected person of this order  
         within 5 (five) days of it being granted.                              
    1.6  Further and/or alternative relief.                                     
    1.7  Costs of the application to be paid by the First Respondent and in the 
event of it being opposed by such opposing party.                      
TAKE NOTICE that you may obtain copies of the business rescue application from  
Mr S Kruger of Pinnacle Point Group, alternatively Mr C Assheton-Smith,         
telephone number 021 - 417 3300 and e-mail cas@glynmarais.co.za or Mr A         
Ginsberg, telephone number 021 - 417 3300 and e-mail aginsberg@glynmarais.co.za 
of attorneys Glyn Marais Inc who are acting on behalf of the Applicant in the   
business rescue application.                                                    
Johannesburg                                                                    
19 July 2011                                                                    
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 19/07/2011 16:28:38 Supplied by www.sharenet.co.za                     
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