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Wed 19 Nov 2003, 10:24 DEALING IN SECURITIES BY DIRECTOR
PALS HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTOR                       
Pals Holdings Limited                                                           
(Incorporated in the Republic of South Africa)                                  
Registration number 1987/002753/06                                              
Share code:  PAL                                                                
ISIN:  ZAE000005237                                                             
Dealing in Securities by Director                                               
In terms of paragraph 3.63 to 3.74 of the JSE Securities Exchange South Africa  
Listing Requirements the following information is disclosed:                    
Surname:                    Dewar                                               
First name:                 Grant                                               
Designation:                Joint managing director                             
Date of transaction:        18 November 2003                                    
Price per share:            R2,82                                               
Amount of shares:           2000                                                
Class:                      Ordinary                                            
Nature of transaction:      Purchase                                            
Interest:                   Direct Beneficiary                                  
Cape Town                                                                       
19 November 2003                                                                
Date: 19/11/2003 10:18:28 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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