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Fri 31 Mar 2006, 10:51 Palabora Mining Company Limited - Notification of
PAM   PAMD
 PAM                                                                             
Palabora Mining Company Limited - Notification of interest rate                 
Palabora Mining Company Limited                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number - 1956/002134/06                                            
JSE Code: PAMD & ISIN: ZAE000048633                                             
("Palabora" or "the Company")                                                   
NOTIFICATION OF INTEREST RATE                                                   
Debenture holders are advised that the interest rate in respect of the interest 
period from 20 March 2006 to but excluding 18 September 2006 in respect of the  
799 317 floating rate partially subordinated unsecured redeemable convertible   
debenture will be 12,192% determined in accordance with the terms and conditions
of the convertible debentures.                                                  
Phalaborwa                                                                      
31 March 2006                                                                   
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd                               
Date: 31/03/2006 10:51:36 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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