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 Ms Nomvula Nancy Mthombeni has resigned her membership of the Board of     
Directors of Pinnacle (the "Board") as an independent non-executive director and
as a member of the Audit and Risk Committee of the Board with effect from       
Monday, 25 June 2012.                                                           
Ms Mthombeni was appointed to the Board on 1 April 2010 as a representative of  
Amabubesi Technology Holdings (Pty) Ltd ("Amabubesi") in accordance with the    
provisions of the Subscription Agreement under which Amabubesi acquired its     
shares in Pinnacle at that time.                                                
The Board would like to express its gratitude and appreciation to Ms Mthombeni  
for her valuable contributions to Pinnacle over the past 2 years.  Ms Mthombeni 
will be missed by her colleagues on the Pinnacle Board and we wish her every    
success in the future.                                                          
Shareholders will be advised of the appointment of a new independent non-       
executive director in Ms Mthombeni`s stead once the appointment has been        
finalised.                                                                      
Midrand                                                                         
Tuesday, 26 June 2012                                                           
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 26/06/2012 17:15:01 Supplied by www.sharenet.co.za                     
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