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Thu 13 Mar 2003, 10:42 Enterprise Risk Management Limited - New Director
ENTERPRISE RISK MANAGEMENT LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1995/001603/06)                                           
(JSE Code: ERM & ISIN Code: ZAE000037701)                                       
ANNOUNCEMENT                                                                    
In terms of section 3, paragraph 3.67 of the JSE Listings Requirements, ERM     
advise shareholders of the appointment of Mr. H.P. Joffe  (previously alternate 
director to the Chairman Mr. JB Zwart) as a non-executive director of ERM with  
effect from Tuesday 11 March 2003. Mr. Joffe who is 53 years old has extensive  
experience in investment banking.                                               
Johannesburg                                                                    
13 March 2003                                                                   
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
Registration number: 1999/024433/07)
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