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Wed 9 Apr 2003, 15:04 Director"s Appointment
iFour Properties Limited -               
iFour Properties Limited                                                        
(Incorporated in the Republic of South Africa)                                  
JSE code: IFR          ISIN: ZAE000039236                                       
(Registration number 2001/016118/06)                                            
("iFour")                                                                       
PRESS RELEASE - DIRECTOR"S APPOINTMENT                                          
In compliance with Paragraph 3.67 of the JSE Securities Exchange South Africa   
Listings Requirements linked unitholders are advised that Messrs JPG de Rauville
and AMA Campbell have been appointed as directors of iFour Properties Limited   
with immediate effect.                                                          
Johannesburg                                                                    
9 April 2003                                                                    
Sponsor                                                                         
PricewaterhouseCoopers                                                          
Corporate Finance (Pty) Ltd                                                     
(Registration number 1970/003711/07)                                            

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