The board of directors of Real Africa Durolink Holdings Limited ("RADH") in
consultation with PSG Investment Bank Holdings Limited ("PSGBH"), yesterday
appointed Dave Kennealy of PSGBH as CEO of RADH and Managing Director of RAD
Investment Bank with effect from 20 July 2001. As the terms of the
PSGBH/RADH transaction were finalised last week, Michael Bolton will now
step down as CEO of RADH.
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