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iFOUR PROPERTIES LIMITED - DIRECTOR`S APPOINTMENT                               
                                                (Incorporated in the Republic of South Africa)                                  
JSE code: IFR          ISIN: ZAE000039236                                       
(Registration number 2001/016118/06)                                            
("iFour")                                                                       
PRESS RELEASE - DIRECTOR`S APPOINTMENT                                          
In compliance with Paragraph 3.67 of the JSE Securities Exchange South Africa   
Listings Requirements linked unitholders are advised that Dr CP de Leeuw has    
been appointed as a director and chairman of iFour Properties Limited with      
effect from 3 February 2003.                                                    
Johannesburg                                                                    
5 February 2003                                                                 
Sponsor                                                                         
PricewaterhouseCoopers                                                          
Corporate Finance (Pty) Ltd                                                     
(Registration number 1970/003711/07)                                            
Date: 05/02/2003 04:18:00 PM Produced by the JSE SENS Department

Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.

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