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IFAnet Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1995/006144/06; JSE code: IFA; ISIN number:
ZAE000027728
("IFAnet" or "the company")
RESIGNATION OF DIRECTOR
Further to the announcement dated 16 November 2001 concerning the proposed
recapitalisation of IFAnet, Mr S Stewart has tendered his resignation from
the board of directors with immediate effect.  The company wishes to thank
him for his contribution to its affairs and for the considerable role he
played in resolving the significant problems that the company faced.
F. Andalaft
CEO
Johannesburg
20 November 2001

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