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Thu 19 Jun 2003, 9:08 RESIGNATION OF CHIEF EXECUTIVE OFFICER
Alacrity - Resignation Of Chief Executive Officer                               
ALACRITY FINANCIAL SERVICES LIMITED                                             
Registration number 1994/000078/06                                              
Share code: ALY                                                                 
ISIN code: ZAE000023966                                                         
("Alacrity" or "the company")                                                   
                                         
The board of directors of Alacrity ("the Board") wishes to announce with regret 
that Mr Malcolm Lobban has tendered his resignation as the company"s Chief      
Executive Officer ("CEO") with effect from 1 July 2003 ("the effective date") as
he has accepted a position with the Imperial Group. The Board has requested Mr  
Lobban to remain a member of the Board in the capacity of non-executive         
director, a position that Mr Lobban has accepted with effect from the effective 
date. A further announcement with regard to the appointment of a new CEO will be
made in due course.                                                             
Johannesburg                                                                    
19 June 2003                                                                    
Corporate advisor and Sponsor                                                   
Quaestor Capital (Proprietary) Limited                                          
Date: 19/06/2003 08:38:54 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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