Trading statement 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" or “the group”) TRADING STATEMENT In terms of the Listings Requirements of JSE Limited ("JSE"), companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Shareholders are advised that the company is reasonably certain that its audited results for the year ended 30 June 2012 will reflect a Headline Earnings Per Share (“HEPS”) of between 170 cents per share and 177 cents per share. This represents an increase in HEPS of between 45% and 50% over the HEPS of 117.7 cents per share for the comparative year. The company’s Earnings Per Share (“EPS”) is expected to be between 168 cents per share and 175 cents per share which represents an increase of between 39% and 45% over the EPS of 121.0 cents per share for the comparative year. The above information has not been reviewed or reported on by the company’s auditors. The company's financial results for the year ended 30 June 2012 are expected to be published on or about 7 September 2012. Midrand 23 July 2012 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 23/07/2012 04:30:00 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.