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Fri 17 May 2002, 0:00 Rah/rai - Appointment Of Director
RAH/RAI - Appointment of Director                                               
REAL AFRICA HOLDINGS LIMITED                                                    
(Registration number 1994/003919/06)                                            
Share code: RAH                                                                 
ISIN:ZAE000008702("RAH")                                                        
REAL AFRICA INVESTMENTS LIMITED                                                 
(Registration number 1994/000398/06)                                            
Share code: RAI                                                                 
ISIN: ZAE000008710("RAI")                                                       
APPOINTMENT OF DIRECTOR                                                         
RAH and RAI announce the appointment of Mr Franois van der Merwe to the         
boards of RAH and RAI with immediate effect.                                    
Mr van der Merwe is a practising attorney in Stellenbosh since 1995.   He       
was employed by Allan Gray Limited from 1989 to 1995 where he served as         
managing partner / managing director from 1992.   Mr van der Merwe is a         
director of Allan Gray Limited, OTK Holdings Limited, Historical Homes of       
South Africa Limited and the Simon van der Stel Foundation.  He holds a BA      
and LLB degree from Stellenbosch University and BA and MA degrees from          
Oxford.                                                                         
Houghton                                                                        
17 May 2002                                                                     
Merchant bank and sponsor                                                       
Standard Corporate and Merchant Bank                                            
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 17/05/2002 03:49:00 PM Produced by the SENS Department
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