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Tue 4 Mar 2003, 16:51 Jse: Rah
RAH - Resignation of Directors                                                  
REAL AFRICA HOLDINGS LIMITED                                                    
(Registration number 1994/0003919/06)                                           
Share code: RAH                                                                 
ISIN:  ZAE000008702 ("RAH")                                                     
RESIGNATION OF DIRECTORS                                                        
Due to the proposed distribution of the major portion of RAH`s assets, Mr Kofi  
Fordwor, Mr Thero Setiloane and Mr Shams Pather have resigned from the board of 
RAH with immediate effect.                                                      
Mr Don Ncube, previously executive chairman becomes non-executive chairman with 
immediate effect.                                                               
Houghton                                                                        
3 March 2003                                                                    
Merchant Bank and Sponsor                                                       
Standard Corporate and Merchant Bank                                            
(A division of the Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 04/03/2003 04:41:02 PM Supplied by www.sharenet.co.za                     
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