PINNACLE TECHNOLOGY HOLDINGS LTD - Changes to the board

Changes to the board

Pinnacle Technology Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000022570
(“Pinnacle” or “the Company”)


CHANGES TO THE BOARD
As required in terms of section 3.59 of the JSE Listings Requirements, the board of directors
of the Company wishes to advise shareholders of the following changes to the membership
of the Board that will take effect from 1 January 2013.

Mr F C Smyth will be relinquishing the post of Chief Financial Officer of the Company in
order to head up the newly created Corporate Finance Department for the Group. He will
also take on the post of Company Secretary and will retain responsibility for board and
shareholder management. In order to ensure continued compliance with paragraph 3.84(j)
of the JSE Listings Requirements Mr Smyth steps down from the board of Pinnacle.

Mr R D Lyon has been appointed as Finance Director of the Group in Mr Smyth’s stead and
accordingly has been appointed an executive director of Pinnacle with effect from 1 January
2013 in order to ensure continued compliance with paragraph 3.84(g) of the JSE Listings
Requirements.

Mr J V Parkin steps down as company secretary in order to focus his efforts on his role as
Chief Operating Office of the group.

The board of directors of Pinnacle believes that these changes will strengthen the corporate
layer of management and will better position the Company to take advantage of future
growth opportunities. The board wishes Messrs Parkin, Lyon and Smyth success in their
new roles.

By order of the board
Midrand
29 November 2012
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

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