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Tue 17 Feb 2009, 12:13 PAM - Palabora Mining Company Limited - Renewal Of Existing Cautionary
PAM
PAM                                                                             
PAM - Palabora Mining Company Limited - Renewal Of Existing Cautionary          
Announcement - Potential Broad Based Black Economic Empowerment Transaction     
Palabora Mining Company Limited                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number  1956/002134/06                                             
JSE Code: PAM & ISIN: ZAE000005245                                              
("the Company")                                                                 
RENEWAL OF EXISTING CAUTIONARY ANNOUNCEMENT - POTENTIAL BROAD BASED BLACK       
ECONOMIC EMPOWERMENT TRANSACTION                                                
Further to the cautionary announcements released by the Company dated 17        
November 2008 and 6 January 2009, shareholders are advised that the negotiations
regarding a potential broad-based Black Economic Empowerment transaction        
involving all or an appropriate part of the Company`s business are still in     
progress which, if successfully concluded, may have a material effect on the    
price of the Company`s shares.                                                  
Accordingly shareholders are advised to continue exercising caution when dealing
in the Company`s shares until such time as a full announcement is published.    
By order of the Board                                                           
Phalaborwa                                                                      
17 February 2009                                                                
Corporate       Transaction Co-  Sponsor         Legal Advisor                  
Advisor         Advisors         Barnard Jacobs  Webber Wentzel                 
               Rothschild       Mellet                                          
Bravura Equity                   Corporate                                      
Services                         Finance (Pty)                                  
                                Ltd                                             
Date: 17/02/2009 12:13:02 Produced by the JSE SENS Department.                  
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