Pinnacle Technology Holdings Limited - Withdrawal Of Cautionary Announcement    
  Pertaining To A Specific Issue Of Shares For Cash To A Black Economic           
  Empowerment ("Bee") Entity                                                      
  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")                                                   
  WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT PERTAINING TO A SPECIFIC ISSUE            
  OF SHARES FOR CASH TO A BLACK ECONOMIC EMPOWERMENT ("BEE") ENTITY               
  Further to the cautionary announcement dated 15 March 2004, regarding an        
  investment by a BEE entity in Pinnacle by way of a specific issue of shares for 
  cash, the BEE entity has been unable to secure the funding to facilitate its    
  proposed investment in the company, on sufficiently favourable terms, and the   
  discussions have unfortunately been terminated as a result.                     
  Pinnacle remains totally committed to the principle of BEE, and is engaged in   
  preliminary discussions with other BEE entities. Shareholders will be timeously 
  advised as soon as any of these discussions reach an advanced stage.            
  Pinnacle shareholders are accordingly advised that caution is no longer required
  to be exercised when dealing in their securities on the JSE Securities Exchange 
  South Africa.                                                                   
  Midrand                                                                         
  5 May 2004                                                                      
  Sponsor                                                                         
  Grant Thornton Corporate Finance (Proprietary) Limited                          
  Date: 05/05/2004 07:15:07 AM Produced by the JSE SENS Department