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Mon 14 Apr 2003, 17:13 ApexHi Properties Limited - Resignation of Executi
ApexHi Properties Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1999/000238/06)                                               
Share Code: APA       ISIN Code: ZAE00033064                                    
Share Code: APB       ISIN Code: ZAE00033072                                    
("ApexHi")                                                                      
Resignation of Executive Director                                               
In compliance with section 3.67 of the Listing Requirements of the JSE          
Securities Exchange South Africa, notification is hereby given that Mr Brian    
Azizollahoff, the Managing Director of ApexHi, has accepted an appointment as   
Chief Executive Officer of Redefine Income Fund Limited and accordingly has     
tendered his resignation from the board of ApexHi with effect from 20 April     
2003. Azizollahof"s responsibilities will be shared between ApexHi CEO Gerald   
Leissner and other key executives. In addition, ApexHi will shortly strengthen  
its team through the appointment of additional senior executives.               
The board of ApexHi extends its appreciation to Brian for his valuable          
contribution and wishes him well in his future endeavours.                      
14 April 2003                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              


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