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Tue 15 Oct 2002, 11:59 African Life Assurance Co Limited - Presentation T
African Life Assurance Co Limited - Presentation to UBS Warburg Financial       
Services Conference 2002                                                        
African Life Assurance Co Limited                                               
("Aflife" or "the company")                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number: 1911/003818/06                                             
Share Code: AFI                                                                 
ISIN Code: ZAE000000246                                                         
African Life Assurance - Presentation to UBS Warburg Financial Services         
Conference 2002                                                                 
Jeremy Rowse, Chief Executive of African Life Assurance Co Ltd, made a          
presentation at a UBS Warburg Financial Services Conference earlier today. His  
presentation covered matters of current importance as well as the future        
strategy of the Group. Included in this presentation was an update on the       
following operating statistics:                                                 
New business recurring premiums for South Africa were R147 million for the first
two quarters of FY2003;                                                         
Progress made on rationalisation of PERSAL affected policies - 74% of affected  
policies have been rationalised at the end of September 2002;                   
Ingwe membership at the end of September 2002, totalled 32 000 members.         
A copy of the presentation is available on request from the following e-mail    
address: margiel@african-life.co.za                                             
Houghton                                                                        
15 October 2002                                                                 
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 15/10/2002 10:12:43 AM Produced by the JSE SENS Department                

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