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Fri 21 Jun 2002, 0:00 African Life Assurance Co Limited - Resignation of
African Life Assurance Co Limited                                               
(Incorporated in the Republic of South Africa)                                  
Registration number: 1911/003818/06                                             
Share Code: AFI                                                                 
ISIN Code: ZAE000000246                                                         
Resignation of Director                                                         
It is announced that Mr Don Ncube will be resigning from the Board of           
Directors of African Life Assurance Company Limited with effect from 1 July     
2002. Mr Ncube was the non-executive Chairman of the African Life Group.        
Houghton                                                                        
21 June 2002                                                                    
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