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Mon 7 Jan 2008, 8:45 GEN - Pals Holdings Limited - Adverse audit opinion on annual financial
JSE   PAL
 GEN                                                                             
GEN - Pals Holdings Limited - Adverse audit opinion on annual financial         
statements                                                                      
ADVERSE AUDIT OPINION ON ANNUAL FINANCIAL STATEMENTS                            
PALS HOLDINGS LIMITED ("PALS")                                                  
(ALPHA CODE: PAL   ISIN:  ZAE000005237)                                         
The JSE Limited wishes to advise that the audit opinion on Pals`s annual        
financial statements for the year ended 30 June 2007 contain an emphasis of     
matter. Shareholders are advised to refer to the financial statements to        
ascertain the exact nature of the modification.                                 
Accordingly, the company`s listing on the JSE TRADELECT system has been         
annotated with an "A" to indicate the adverse audit opinion. This annotation    
will be removed when the company`s auditors` report no longer contains a        
modified audit opinion.                                                         
This announcement has been placed by the JSE in the interest of shareholders.   
07 January 2008                                                                 
Date: 07/01/2008 08:45:01 Produced by the JSE SENS Department.
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