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Wed 15 Nov 2006, 12:56 C:\Metrofile- modified audit opinion 2006.doc
JSE   RCO
 GEN                                                                             
C:\Metrofile- modified audit opinion 2006.doc                                   
General - Modified audit opinion on annual financial statements                 
Modified Audit Opinion on Annual Financial Statements                           
Rare Earth Extraction Company Limited                                           
(ISIN: ZAE000038329      ALPHA CODE: RCO)                                       
("RARECO")                                                                      
The JSE Limited wishes to advise that the audit opinion on Rareco"s annual      
financial statements for the year ended                                         
30 June 2006 contains an emphasis of matter. Shareholders are advised to refer  
to the financial statements to ascertain the exact nature of the modification.  
Accordingly, the company"s listing on the JSESETS system will continue to be    
annotated with an "E" to indicate the emphasis of matter. The annotation will be
removed once the company produces an unmodified audit opinion.                  
This announcement has been placed by the JSE in the interest of shareholders.   
15 November 2006                                                                
Date: 15/11/2006 12:56:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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