PNG - Pinnacle Point Group Limited - Results of the claw back offer

PNG - Pinnacle Point Group Limited - Results of the claw back offer             
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")                                             
RESULTS OF THE CLAW BACK OFFER                                                  
Shareholders are referred to the announcement released on the Securities        
Exchange News Service of the JSE Limited on Friday, 22 July 2011, relating to   
the claw back offer of 1,300,000,000 Pinnacle Point shares ("the Claw Back      
Offer Shares") to Pinnacle Point shareholders in the ratio of 18.54197          
(eighteen point five four one nine seven) new Pinnacle Point ordinary shares    
for every 100 Pinnacle Point shares held at 1 cent per share at the close of    
trade on the record date of the Claw Back Offer ("the Claw Back Offer").        
The Claw Back Offer closed on Friday, 26 August 2011 and the results thereof    
are set out in the table below.                                                 
                                     Number of        Rights Offer              
shares           Shares in R               

Claw Back Offer Shares available for                                            
subscription                                                                    
                                     1 300 000 000    R13 000 000.00            


Claw Back Offer Shares subscribed                                               
for                                   13 596 578       R135 965.78              
                                                                                


Total                                 1 286 403 422    R12 864 034.22           
Share certificates are to be posted to holders of certificated shares on        
Monday, 29 August 2011. The safe custody accounts of holders of                 
dematerialised shares or their renouncees, who have followed their rights,      
are to be updated and accounts to be credited by their Central Securities       
Depository on Monday, 29 August 2011.                                           
Johannesburg                                                                    
29 August 2011                                                                  
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 29/08/2011 17:36:01 Supplied by www.sharenet.co.za                     
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