PNC - Pinnacle Technology Holdings Limited - Results of general meeting

PNC - Pinnacle Technology Holdings Limited - Results of general meeting         
Pinnacle Technology Holdings Limited                                            
Registration number 1986/000334/06                                              
Share Code: PNC                                                                 
ISIN: ZAE000022570                                                              
("Pinnacle" or "the Company")                                                   
RESULTS OF GENERAL MEETING                                                      
Shareholders are referred to the circular to Pinnacle shareholders dated 5      
December 2011 regarding the specific repurchase by Pinnacle and Pinnacle        
Holdings Limited, a subsidiary of Pinnacle, of the entire shareholding of       
Amabubesi Technology Holdings Proprietary Limited in Pinnacle, comprising 17    
281 647 Pinnacle shares ("the repurchase"), which repurchase would be           
implemented by way of a Scheme of Arrangement in terms of section 114(1)(e)     
of the Companies Act No 71 of 2008, as read with section 115 ("the Scheme").    
Shareholders are advised that at the general meeting of Pinnacle shareholders   
held today, all the special resolutions and the ordinary resolution were        
approved by the requisite majority of shareholders to effect the repurchase,    
with no votes being recorded against any of the resolutions. The special        
resolutions will be filed with the Companies and Intellectual Property          
Commission in due course.                                                       
Shareholders are further advised that all the conditions precedent to the       
Scheme have been fulfilled.                                                     
Midrand                                                                         
6 January 2012                                                                  
Sponsor:                                                                        
Deloitte & Touche Sponsor Services (Pty) Limited                                
Attorneys:                                                                      
Tugendhaft Wapnick Banchetti and Partners                                       
Date: 06/01/2012 16:42:16 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.