Pinnacle Technology Holdings Ltd. has appointed two additional independent non-executive directors to the Board with effect from August 31, 2012. Ms Seadimo Chaba has been appointed to the Board of Pinnacle and to its Audit and Risk Committee and its Social and Ethics Committee. Ms Chaba is currently CEO and owner of Seadimo Chaba Consulting cc.

Mr. Erhard van der Merwe has been appointed to the Board of Pinnacle and to its Audit and Risk Committee. He joined the Rolfes Group in 2006, responsible for positioning that Group for a listing and completing strategic acquisitions, and was appointed as CEO of the Rolfes Group in 2007. He brings a wealth of business and corporate finance experience in the listed environment.