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Wed 7 Aug 2002, 0:00 Kersaf Investments Limited: Directorate: Restructu
KERSAF INVESTMENTS LIMITED: DIRECTORATE: RESTRUCTURING OF EXECUTIVE             
RESPONSIBILITIES                                                                
In terms of Rule 3.67(c) of the JSE Listings Requirements the following should  
be noted:                                                                       
David Coutts-Trotter has relinquished responsibility for the Group finance      
function to enable him to devote more time to his other executive               
responsibilities. Anthony Leeming has been appointed chief financial officer and
will assume responsibility for the finance function with immediate effect. There
are accordingly no changes to the composition of the board.                     
Date: 07/08/2002 05:56:19 PM Produced by the JSE SENS Department                


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