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Palabora Mining Company Limited - Notification Of Interest Rate                 
PALABORA MINING COMPANY LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1956/002134/06)                                            
Share code: PAMD                                                                
ISIN: ZAE000048633                                                              
NOTIFICATION OF INTEREST RATE                                                   
Debenture holders are advised that the interest rate in respect of the interest 
period from 22 March 2005 to but excluding 19 September 2005 in respect of the  
849 465 floating rate partially subordinated unsecured redeemable convertible   
debentures will be 12.532% determined in accordance with the terms and          
conditions of the convertible debentures.                                       
Phalaborwa                                                                      
4 April 05                                                                      
Sponsor                                                                         
Barnard Jacobs Mellet Corporate                                                 
Finance (Pty) Limited                                                           
Date: 04/04/2005 10:40:56 AM            
Produced by the JSE SENS Department

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