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Mon 2 Dec 2002, 12:11 Jse Securities Exchanges South Africa - Announceme
JSE Securities Exchanges South Africa - Announcement                            
JSE Securities Exchanges South Africa                                           
QUALIFIED AUDIT OPINION ON ANNUAL FINANCIAL STATEMENTS                          
PACIFIC HOLDINGS LIMITED ("PACHOLD")                                            
[ALPHA CODE:  PAC  ISIN: ZAE000027462]                                          
The JSE Securities Exchange South Africa ("the JSE") wishes to advise that the  
audit opinion on Pachold`s annual financial statements for the year ended 30    
June 2002 has been qualified.  Shareholders are advised to refer to the annual  
financial statements to ascertain the exact nature of the qualification.        
Accordingly, the company`s listing on the JSE SETS system will continue to be   
annotated with a "Q" to indicate the qualification.  The annotation will be     
removed once the company produces an unqualified audit opinion.                 
This announcement has been placed by the JSE in the interest of shareholders.   
(3 December 2002)                                                               
Date: 02/12/2002 11:22:19 AM Produced by the JSE SENS Department                

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