BRANDCORP HOLDINGS LIMITED
Pursuant to the specific repurchase of Chester Investment Holdings Limited
("Chester") entire shareholding in Brandcorp Holdings Limited, it follows
that Chester no longer requires board representation.
Accordingly, Milton Levine and Lewis Freidus (both non executive Directors)
have resigned from the board, and Milton Levine has resigned his post as non-
executive Chairman.
The board would like to take this opportunity in thanking Milton and Lewis
for their valuable input, motivation, dedication and loyalty to the group.
11 June 2002
Date: 11/06/2002 03:49:00 PM Produced by the SENS Department
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