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Tue 5 Aug 2003, 16:36 ANNOUNCEMENT
Pals - Announcement                                                             
PALS HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/002753/06)                                            
Share Code: PAL                                                                 
ISIN: ZAE000055237                                                              
("Pals" or "the company")                                                       
                                
The board of directors of Pals wish to announce that Charmaine Loydall has been 
appointed as company secretary with effect from 24 July 2003.  The board of     
directors has further been re-organised in that, with effect from 4 August 2003,
Selwyn Kagan will act as executive chairman and Grant Dewar will act as joint   
managing director together with Harold Noik.                                    
Cape Town                                                                       
5 August 2003                                                                   
Date: 05/08/2003 12:37:41 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                
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