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Fri 24 Jan 2003, 16:53 Jse Securities Exchange South Africa - Non Complia
JSE Securities Exchange South Africa - Non Compliance With Listings Requirements
Pals Holdings Limited ("Pals")                                                  
[ALPHA CODE:  PAL   ISIN: ZAE000005237]                                         
NON COMPLIANCE WITH LISTINGS REQUIREMENTS                                       
The JSE Securities Exchange South Africa wishes to advise that Pals has been    
censured in the form of a written warning from the JSE for their failure to     
disclose the emoluments of their directors on an individual basis.              
The JSE has also instructed Pals to immediately distribute the details to their 
shareholders.                                                                   
This announcement has been placed by the JSE in the interest of shareholders.   
27 January 2003                                                                 
Date: 24/01/2003 04:17:48 PM Produced by the JSE SENS Department
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