PNC
 PNC                                                                             
PNC - Pinnacle Technology Holdings Limited - Announcement regarding acquisition 
Pinnacle Technology Holdings Limited                                            
Registration number 1986/000334/06                                              
Share Code: PNC                                                                 
ISIN: ZAE000022570                                                              
("Pinnacle")                                                                    
Announcement regarding acquisition                                              
Shareholders are referred to the SENS announcement dated 7 December 2007 and    
interim results announcement dated 19 February 2008 wherein they were advised   
that Pinnacle has entered into an agreement to acquire 100% of the issued share 
capital and shareholders` loans of Tri Continental Distribution S.A. (Pty)      
Limited ("Tricon"), subject to Competition Commission approval and certain      
conditions precedent.                                                           
As announced, Tricon distributes internationally recognized IBM and Lenovo      
notebooks, personal computers, printers and servers in South Africa. The        
acquisition of Tricon is considered strategic as it grants the Group access to  
marketing channels, market segments and product sets not available to it        
previously.                                                                     
Shareholders are hereby advised that all the conditions precedent, including    
Competition Commission approval have been fulfilled and that the acquisition    
therefore is unconditional.                                                     
Midrand                                                                         
3 April 2008                                                                    
Sponsor                                                                         
Deloitte and Touche Sponsor Services (Pty) Limited                              
Date: 03/04/2008 10:11:02 Produced by the JSE SENS Department.                  
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