PINNACLE TECHNOLOGY HOLDINGS LIMITED - CHANGES TO THE PINNACLE BOARD OF         
                                       DIRECTORS ("THE BOARD")                  
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 PINNACLE BOARD OF DIRECTORS ("THE BOARD")                        
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Securities Exchange South Africa, Pinnacle wishes to advise shareholders of the 
following changes to the board:                                                 
Appointment                 Designation               Effective date            
Mr T Marage-Tshivhase       Executive director        3 December 2003           
                            replacing Mr L Fourie                               
Resignations                Designation               Effective date            
Mr L Fourie                 Formerly an executive     3 December 2003           
                            director of Pinnacle,                               
                            who remains on the board                            
as executive director of                            
                            Pinnacle"s major                                    
                            subsidiary companies                                
Mr D Lelo                   Non-executive director    3 December 2003           
The board now comprises the following members:                                  
Mr CD Biddlecombe*             Chairman                                         
Mr AJ Fourie                   CEO                                              
Mr T Marage-Tshivhase                                                           
Mr A Tugendhaft*                                                                
* Non-executive                                                                 
Midrand                                                                         
4 December 2003                                                                 
Sponsor:                                                                        
LPC Manhattan Sponsors                                                          
Date: 04/12/2003 11:45:03 AM
Produced by the JSE SENS Department