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Fri 25 Feb 2005, 15:10 Notice Of Debenture Interest Payment
Palabora Mining Company Limited - Notice Of Debenture Interest Payment          
PALABORA MINING COMPANY LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number 1956/002134/06                                              
Share code: PAMD ; ARC ISIN: ZAE000048633                                       
(`Palabora` or `the company`)                                                   
NOTICE OF DEBENTURE INTEREST PAYMENT                                            
Notice is hereby given by the Board that an interest payment in respect of the  
849 465 floating rate partially subordinated unsecured redeemable convertible   
debentures (`debentures`) for the period from 20 September 2004 to but excluding
22 March 2005 (Ref. 01/05) of 6260.10 cents per debenture, will be payable to   
debenture holders recorded as such in the books of the company on the record    
date.                                                                           
The last day to trade in the debentures for purposes of entitlement to the      
interest payment will be Friday, 11 March 2005.  The debentures will commence   
trading ex the interest payment on Monday, 14 March 2005 and the record date    
will be Friday, 18 March 2005.  The interest will be paid on Tuesday, 22 March  
2005.                                                                           
Debenture certificates may not be dematerialised or rematerialised between      
Monday, 14 March 2005 and Friday, 18 March 2005, both days inclusive.           
Phalaborwa                                                                      
25 February 2005                                                                
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
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