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PNC - Pinnacle - Update Announcement

Release Date: 04/08/2011 17:00
Code(s): PNC
Wrap Text

PNC - Pinnacle - Update Announcement Pinnacle Technology Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1986/000334/06) Share code: PNC ISIN: ZAE000022570 ("Pinnacle" or "the Company") UPDATE ANNOUNCEMENT Shareholders are referred to the announcement released on SENS on Monday, 4 July 2011 and in the press on Tuesday, 5 July 2011, in which the details regarding the DataNet Infrastructure Group (Pty) Limited acquisition were set out (the "DataNet acquisition") and the second announcement released on SENS on Friday, 29 July 2011 and in the press on Monday, 1 August 2011 in which the details regarding the acquisition of an additional interest in Centrafin (Pty) Limited ("Centrafin acquisition") were set out. The independent expert, Mazars Corporate Finance (Pty) Limited has concluded that the terms of the DataNet acquisition and the Centrafin acquisition with the related parties are fair as far as the shareholders of Pinnacle are concerned. Copies of the fairness opinions are available for inspection at the Company`s registered office for 28 days from the date of this announcement. Midrand 4 August 2011 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Independent expert Mazars Corporate Finance (Pty) Limited Date: 04/08/2011 17:00:02 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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