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Thu 9 Dec 2004, 10:32 No Change Announcement And Annual General Meeting
Pals Holdings Limited - No Change Announcement And Annual General Meeting       
PALS HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/002753/06)                                            
Share Code: PAL  ISIN: ZAE000005237                                             
(`Pals` or `the company`)                                                       
NO CHANGE ANNOUNCEMENT AND ANNUAL GENERAL MEETING                               
Shareholders are referred to the `Audited final results for the year ended 30   
June 2003` announcement made on 30 September 2004. There have been no changes to
the results published in that announcement and those contained in the Annual    
Financial Statements posted to shareholders on 26 November 2004.                
The annual general meeting of the company will take place at 16h00 on Wednesday,
15 December 2004 at the registered office of the company, 97 Durham Avenue, Salt
River, Cape Town.                                                               
Cape Town                                                                       
9 December 2004                                                                 
Sponsor                                                                         
SASFIN CORPORATE FINANCE                                                        
A division of Sasfin Bank Limited
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