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Mon 16 Feb 2004, 16:01 WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
PALS HOLDINGS LIMITED - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                   
PALS HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/002753/06)                                            
Share Code: PAL  ISIN: ZAE000005237                                             
("Pals" or "the company")                                                       
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the cautionary announcement dated 10 December 2003 
and are advised that the discussions referred to therein have been terminated.  
Shareholders are therefore no longer required to exercise caution when dealing  
in their Pals shares on the JSE Securities Exchange South Africa.               
Cape Town                                                                       
16 February 2004                                                                
Sponsor and corporate advisor                                                   
SASFIN CORPORATE FINANCE                                                        
A division of Sasfin Bank Limited                                               
Date: 16/02/2004 03:33:01 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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