Investments of Pala Investments Holdings Limited in Foraco International SA

    TORONTO, Dec. 4 /CNW/ - Pala Investments Holdings Limited ("PIHL")
announced today that it has acquired through the facilities of The Toronto
Stock Exchange ownership of 1,500,000 common shares of Foraco International SA
("Foraco"). This acquisition increases its share ownership in Foraco to
7,481,600 common shares representing, to the knowledge of PIHL, 12.52% of the
issued and outstanding shares of Foraco. PIHL has acquired the shares for
investment purposes only. PIHL may acquire additional securities if they
become available at prices that are attractive to PIHL.

For further information:

For further information: Jan Castro at 011 41 41 560 9070

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Pala Investments Holdings Limited

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