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Mon 3 Mar 2003, 14:37 RAND LEASES PROPERTIES LIMITED - CHANGE TO BOARD O
Rand Leases Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1978/000870/06)                                            
Share code: RPR ISIN: ZAE000028254                                              
("Rand Leases")                                                                 
CHANGE TO BOARD OF DIRECTORS                                                    
In compliance with section 3, paragraph 3.67 of the JSE Securities Exchange     
South Africa Listings Requirements, Rand Leases advises of the resignation of   
Mr. Paul Ronald Anthony Ferguson as a director with effect from Friday, 28      
February 2003.                                                                  
Johannesburg                                                                    
3 March 2003                                                                    
Date: 03/03/2003 02:14:43 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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