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Fri 29 Jun 2001, 0:00 African Life Assurance Limited
Shareholders  are referred to an article in Finance Week  of  22  June  2001
relating to valuation assumptions.
African  Life management is confident that existing actuarial and accounting
processes,  procedures  and policies are appropriate  and  robust  producing
relevant, timely and accurate results.  The embedded value at 31 March  2001
has also been independently reviewed by Tillinghast-Towers Perrin.
Jeremy Rowse
Chief Executive
29 June 2001
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