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Tue 12 Mar 2002, 0:00 Stanbic - Director Resignation
STANDARD BANK INVESTMENT CORPORATION LIMITED                                    
(Registration No. 1969/017128/06)                                               
Share Code: SBC                                                                 
ISIN Code: ZAE000014858                                                         
("Stanbic")                                                                     
Director Resignation                                                            
Ms BJM (Barbara) Masekela has tendered her resignation from the board of        
Stanbic because of business commitments.                                        
Ms Masekela has been a non-executive director of Stanbic since 1999. She has    
indicated that she is no longer able to devote sufficient attention to her      
Stanbic board obligations.                                                      
Stanbic has accepted Ms Masekela's resignation with regret and expresses its    
thanks to her for her contribution to the group.                                
The resignation is effective from 12 March 2002.                                
K D Curr                                                                        
Group Secretary                                                                 
12 March 2002
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