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Letter of Intent


									                                                                           28 August 2009
                                 Letter of Intent

Dear Sir/Madam

            Broad-Based Black Economic Empowerment Rating

BBBEE – Rating Agency hereby confirms that we have been requested by
Copalcor (Pty) Ltd to carry out a B-BBEE Rating Renewal, in terms of the
Broad-Based Black Economic Empowerment Act, 53 of 2003. BBBEE –
Rating Agency further confirms that we, in accordance with our client’s
requirements, will commence the following;

   Gathering information from the client;

   Verifying and analyzing information gathered;

   Preparing a preliminary report;

   Issuing a final rating report.

We trust that the above meets with your approval. We are available to discuss
the matter further should you have any queries.

Yours sincerely

Pieter Pelser
Managing Member

            Address: 6 Verbena Road, Gordon’s Bay, 7140 - PO. Box: 3 Somerset Mall, 7137
    Tel: 021-856 3243 / Fax: 021-856 4398 / Web: / Reg No: CK 2001/080770/23
                                         Member: PC Pelser

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