09:18     PINE TECHNOLOGY<08013> - Quarterly Results Announcement (2)         

                                                                              
    2. Earnings per share                                                     
                                                                              
    The calculation of the basic earnings per share for the Nine-Month        
    Period, the Quarterly Period, the corresponding nine-month period         
    and quarterly period in 2004 are based on the following data:             
                                                                              
                                     Nine months ended  Three months ended    
                                           31 March          31 March         
                                          2005     2004     2005     2004     
                                                                              
    Earnings for the purpose of                                               
     basic earnings per share (US$)  1,501,000 1,235,000  657,000 497,000     
                                      ======== ======== ======== ========     
                                                                              
    Number of ordinary shares                                                 
     for the purpose of                                                       
     basic earnings                                                           
     per share ('000 shares)           682,786  682,786  682,786  682,786     
                                      ======== ======== ======== ========     
                                                                              
    No diluted earnings per share has been presented for the Nine-Month       
    Period, the Quarterly Period, the corresponding nine-month period         
    and quarterly period in 2004, because the exercise prices of the          
    Company's share options were higher than the average market price         
    of the shares for the periods.