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The Afrikander Lease Limited                                                    
(Incorporated in the Republic of South Africa)                                  
AFL (JSE) AFKDY (NASDAQ)                                                        
(Registration number 1921/006955/06)                                            
Share Code: AFL                                                                 
ISIN Code: ZAE000000253                                                         
("Aflease" or "the company" of "AFL")                                           
Resignation                                                                     
The Board of Afrikander Lease (Aflease) today announced that executive Chairman,
Peter Skeat, has resigned from the board with immediate effect. The board has   
appointed Jean Nortier, non-executive director, as acting non-executive         
Chairman. The board will be considering additional appointments in due course.  
www.aflease.com.                                                                
20 March 2003

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