PNC - Pinnacle Technology Holdings Limited - Changes to the Board of Directors

PNC - Pinnacle Technology Holdings Limited - Changes to the Board of Directors  
Pinnacle Technology Holdings Limited                                            
(Incorporated in the Republic of South Africa)                                  
Registration number: 1986/000334/06                                             
Share Code: PNC  ISIN: ZAE000022570                                             
("Pinnacle")                                                                    
Changes to the Board of Directors                                               
In terms of rule 3.59 of the JSE Listings Requirements, shareholders are advised
that Mr Mthandazo Peter Moyo has resigned his membership of the Board of        
Directors of Pinnacle (the "Board") as a non-executive director and as a member 
of Audit and Risk Committee of the Board with effect from today, 9 February     
2012.                                                                           
Mr Moyo was appointed to the Board on 30 May 2006 as a representative of        
Amabubesi Technology Holdings (Pty) Ltd ("Amabubesi") in accordance with the    
provisions of the Subscription Agreement under which Amabubesi acquired 37 281  
647 shares in Pinnacle at that time.                                            
Apart from Mr Moyo`s executive role as Chief Executive Officer of the Amabubesi 
Group he is also Chairman of the Vodacom Group, Chairman of the Audit Committee 
of the Auditor General`s office, a non-executive Director of both the Liberty   
and Transnet Groups and a Member of the Advisory Board of the Stellenbosch      
Business School.  Mr Moyo believes that having already served on the Board for  
almost 6 years and given that Amabubesi`s investment in Pinnacle shares has been
fully repurchased by Pinnacle, it is time now for him to step down from the     
Board to allow him to concentrate on his numerous other responsibilities.  The  
Board would like to extend its sincere gratitude and appreciation to Mr Moyo for
his commitment and his valuable contribution to Pinnacle over the past 6 years. 
Mr Moyo will be missed by his colleagues at Pinnacle and we wish him every      
success in the future.                                                          
Shareholders will be advised of the appointment of a new independent non-       
executive director in Mr Moyo`s stead once the appointment has been finalised.  
Midrand                                                                         
Thursday, 9 February 2012                                                       
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 09/02/2012 17:01:01 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.