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Tue 18 Mar 2003, 15:52 Change to the Board of Directors
KWV INVESTMENTS LIMITED                                                         
Share code   :  KWV                                                             
ISIN         :  ZAE000004016                                                    
CHANGE TO BOARD OF DIRECTORS                                                    
In terms of paragraph 3.67 of the JSE Listings Requirements, the following      
changes to the Board of Directors of KWV Investments Limited should be noted:   
1    Mr J G le Roux has resigned as a director                                  
2    Mr T N Kotze was appointed as a director                                   
The above changes are effective as from 18 March 2003.                          
A W EKSTEEN                                                                     
GROUP SECRETARY
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