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PNC - Pinnacle Technology Holdings Limited - Change statement and notice of Annual General Meeting 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") CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING The integrated annual report, containing the audited annual financial statements for the Company for the year ended 30 June 2011, has been dispatched to shareholders today, 21 October 2011 and contains the following modifications to the reviewed results published on SENS and in the press on Friday, 16 September 2011: STATEMENT OF CASH FLOWS Was (R`000) Is (R`000) Change --------------------------------- Net profit before tax 309 638 309 638 Nil Non cash flow items 10 661 7 475 (3 186) --------------------------------- Cash from operations 320 299 317 113 (3 186) Cash from working capital (78 009) (80 707) (2 698) Taxation paid (103 556) (103 176) 380 --------------------------------- Cash flow from operations 138 734 133 230 (5 504) Cash utilised in investing activities (207 927) (202 422) 5 505 Cash flows from financing activities 7 133 7 132 (1) --------------------------------- Decrease in cash and cash equivalents (62 060) (62 060) Nil The differences were due to reallocations that arose out of the final audit. The annual financial statements were audited by the Company`s auditors, BDO South Africa Inc. and their unmodified report is available for inspection at the Company`s registered office. The annual report contains a notice of annual general meeting for the Company, which will be held held on Friday, 18 November 2011 at 10:00 (or at any adjournment or postponement thereof) in the Boardroom of the registered offices of Pinnacle, at The Summit, 269, 16th Road, Randjespark, Midrand, to transact the business as stated in the annual general meeting notice forming part of the integrated annual report. The board of directors of the Company has determined, in accordance with section 59 of the Companies Act, 71 of 2008, as amended, that the record dates for shareholders to be recorded as shareholders in the securities register of the Company in order to: be entitled to receive the notice of annual general meeting is Friday, 14 October 2011, and be entitled to attend, speak and vote at the annual general meeting is Friday, 11 November 2011. The last date to trade to be entitled to attend, speak and vote at the annual general meeting is Friday, 4 November 2011. Midrand 21 October 2011 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 21/10/2011 14:59:21 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.
