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Mon 25 Nov 2002, 13:42 Excellerate Holdings Limited - Appointment and Res
Excellerate Holdings Limited - Appointment and Resignation of Directors         
EXCELLERATE HOLDINGS LIMITED                                                    
(Registration number 1997/009884/06)                                            
Share code: EXL    ISIN: ZAE000026092                                           
("Excellerate")                                                                 
APPOINTMENT AND RESIGNATION OF DIRECTORS                                        
Shareholders are advised, in terms of clause 3.67 of the JSE Securities Exchange
South Africa Listings Requirements, that:                                       
-    Jerome Joseph has resigned as an Executive Director of Excellerate with    
     effect from 22 November 2002;                                              
-    Alan Lipchin has been appointed as an Executive Director of Excellerate    
with effect from 25 November 2002; and                                     
-    Rudi Stumpf has been appointed as a Non-executive Director of Excellerate  
     with effect from 25 November 2002.                                         
Sandton                                                                         
Monday, 25 November 2002                                                        
Investment bank and sponsor                                                     
Nedcor Investment Bank                                                          
Date: 25/11/2002 10:55:01 AM Produced by the JSE SENS Department                

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