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Tue 12 Mar 2002, 0:00 Cadiz Holdings Limited - Resignation Of A Non-
Holdings Limited On 12 March 2002                                               
Cadiz Holdings Limited                                                          
Resignation Of A Non-Executive Director Cadiz Holdings Limited On 12 March      
2002                                                                            
In accordance with the JSE Securities Exchange S.A. Listing Requirements, we    
hereby would like to inform that with effect 12 March 2002, Bill Scotcher       
has resigned as a non-executive director from Cadiz Holdings Limited. Bill      
is pursuing his career in an unrelated new business field and his executive     
responsibilities will not enable him to provide the Cadiz Group with the        
necessary level of commitment it requires of its board of directors.            
Should you need any further information, please do not hesitate to contact      
us.                                                                             
ERICA BRUCE                                                                     
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