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Mon 30 Jun 2003, 14:17 Avgold Board Changes
Avgold Limited -                     
Avgold Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1990/007025/06)                                            
(Share code: AVG)                                                               
(ISIN: ZAE000012175)                                                            
("Avgold" or "the Company")                                                     
AVGOLD BOARD CHANGES                                                            
Messrs D N Murray, D N Campbell and G J Robbertze have resigned from the Board  
with effect from 1 July 2003.                                                   
Avgold is pleased to announce the appointment of Mr Michael Arnold as financial 
director of the Company with effect from 1 July 2003, in place of Mr D N        
Campbell. The Board is being restructured and the two vacant positions will be  
filled in due course by independent non-executive directors.                    
The Board thanked Messrs D N Murray, D N Campbell and G J Robbertze for their   
service as directors and expressed its appreciation for their commitment to     
Avgold.                                                                         
R P Menell                                                                      
Chairman                                                                        
S E Sather                                                                      
Company Secretary                                                               
Johannesburg                                                                    
30 June 2003                                                                    
Issued by:                                                                      
Sponsor to Avgold                                                               
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 30/06/2003 11:59:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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