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Tue 11 Jun 2002, 0:00 BRANDCORP HOLDINGS LIMITED - ANNOUNCEMENT
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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