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Wed 20 Aug 2003, 9:12 ANNOUNCEMENT
ERM                                                                             
Enterprise Risk Management - Announcement                                       
ENTERPRISE RISK MANAGEMENT LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1995/001603/06)                                           
(JSE Code: ERM & ISIN Code: ZAE000037701)                                       
("ERM or "the Company")                                                         
ANNOUNCEMENT                                                                    
Shareholders are referred to the SENS announcement relating to the resignation  
of all the executive directors of ERM published on 19 August 2003, and are      
advised that Ms Carina de Beer, the Chief Financial Officer of the Company, will
be responsible for the day to day operations of the Company, until further      
notice. She will report to the non-executive directors of ERM.                  
The registered address of ERM has changed to 25 St John Road, Houghton, 2198 and
the postal address to P O Box 980, Fontainebleau, 2032. The new contact details 
are as follows:                                                                 
telephone number    083 304 2169                                                
Fax number          +2711 792 5963                                              
email address       enquiries.erm@mweb.co.za.                                   
Johannesburg                                                                    
19 August 2003                                                                  
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
Date: 20/08/2003 07:02:38 AM Produced by the JSE SENS Department
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