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Fri 16 Aug 2002, 0:00 Glenrand Mib Limited - Management Changes
Glenrand MIB Limited - Management Changes                                       
Glenrand MIB Limited                                                            
(Registration number: 1997/008001/06)                                           
Share code:  GMB                                                                
ISIN number: ZAE000018529                                                       
Management Changes                                                              
Glenrand MIB Limited announces that Gareth Beaver CA(SA) ADV CERT (Tax), the    
Group Financial Director, is moving to the position as Executive Director -     
Group Strategy.                                                                 
This move reflects the increased focus on strategic planning within the Group as
it continues to expand in the financial services sector locally and             
internationally.                                                                
This role will include Group strategy co-ordination, business analysis,         
strategic business initiatives and corporate finance.  Gareth will continue his 
contact role with the investor community.                                       
Tiffany Ross CA(SA), currently the Group Financial Controller, will assume all  
other Group financial responsibilities and joins the Group Executive Committee  
and will attend Glenrand MIB Limited board meetings by invitation.              
These changes take immediate effect but there will be a transition period over  
the next few months to ensure a smooth handover.                                
The Group will publish their 30 June 2002 year-end results on 5 September 2002. 
DAVID J HARPUR                                                                  
CHIEF EXECUTIVE OFFICER                                                         
16 August 2002                                                                  
Date: 16/08/2002 04:52:34 PM Produced by the JSE SENS Department                


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