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Wed 28 Aug 2002, 0:00 Avgold Appoints Managing Director
AVGOLD APPOINTS MANAGING DIRECTOR                                               
AVGOLD LIMITED                                                                  
AVGOLD APPOINTS MANAGING DIRECTOR                                               
Johannesburg, Wednesday, 28 August 2002: Following a meeting of the board of    
directors on 27 August 2002, Mr Jan Steenkamp will be appointed managing        
director of Avgold Limited on 1 September 2002.  He succeeds Mr David Murray who
was previously appointed the chief executive officer of Anglovaal Mining Limited
(Avmin), Avgold`s controlling shareholder.  Mr Murray remains on the board as a 
non-executive director.                                                         
Furthermore, Mr Arne Lewis has been appointed an executive director, effective 1
September 2002.  Mr Lewis is Avmin`s vice president: South African operations.  
The board thanked Mr Murray for his service as managing director and expressed  
its appreciation for his commitment to Avgold.                                  
ends                                                                            
Date: 28/08/2002 09:31:00 AM Produced by the JSE SENS Department
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