PINNACLE TECHNOLOGY HOLDINGS LTD - Acquisition Announcement

Acquisition Announcement

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

ACQUISITION ANNOUNCEMENT

Pinnacle is pleased to announce the acquisition of 90% of JAG Engineering (SA)
(Pty) Ltd (“JAG”).    JAG is a Johannesburg based company that manufactures
server racking, wall boxes and IP enclosures.

“JAG presents considerable strategic synergy for the Group and will give us the
productive capacity that will underpin our drive into the data centre design
and build space. This is a market that is becoming increasingly relevant with
current proliferation of cloud infrastructure and data consolidation” said Nico
Steyn, the Managing Director of Datanet, the division under which Pinnacle
distributes and markets server racking and other electronic enclosures.

The value of the acquisition is below the minimum threshold for category 2
transactions specified in paragraph 9.5 of the JSE Listings Requirements and
the transaction was not concluded with any related parties.

Midrand
10 December 2012

Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited

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