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Wed 2 Jul 2003, 17:26 RESIGNATION OF DIRECTOR
EXCELLERATE -                               
EXCELLERATE HOLDINGS LIMITED                                                    
(Registration number 1997/009884/06)                                            
Share code:EXL                                                                  
ISIN:ZAE000026092                                                               
("Excellerate")                                                                 
RESIGNATION OF DIRECTOR                                                         
Shareholders are advised, in terms of clause 3.67 of the JSE Securities Exchange
South Africa Listings Requirements, that Mrs Mamikie Molapo has resigned as a   
Non-Executive Director of Excellerate with effect from 1 July 2003.             
Sandton                                                                         
2 July 2003                                                                     
Investment bank and sponsor                                                     
Nedbank Corporate                                                               
Date: 02/07/2003 05:20:36 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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