Pinnacle Technology Holdings Ltd. announced that as required in terms of section 3.59 of the JSE Listings Requirements, the board of directors of the company advised shareholders of the following changes to the membership of the board that will take effect from January 1, 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 January 1, 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.