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Tue 28 Mar 2006, 9:48 Pals - Trading Statement
PAL
 PAL                                                                             
Pals - Trading Statement                                                        
PALS HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/002753/06)                                            
Share Code: PAL & ISIN: ZAE000005237                                            
("Pals") or "the company")                                                      
TRADING STATEMENT                                                               
Shareholders are advised that the company expects to report a loss and headline 
loss per share of 5.98 cents for the six months ended 31 December 2005 compared 
with headline earnings and earnings of 0.79 cents per share for the previous    
comparable period, mainly due to the fact that the benefits of the Duty Credit  
Certificate Scheme on exports has not yet been finalised.                       
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company"s auditors. The unaudited interim results
for the six months ended 31 December 2005 are expected to be published on or    
about 31 March 2006.                                                            
Cape Town                                                                       
27 March 2006                                                                   
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 28/03/2006 09:48:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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