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Tue 16 Sep 2003, 15:36 DIRECTOR"S APPOINTMENT
iFOUR PROPERTIES LIMITED - DIRECTOR"S APPOINTMENT                               
  iFOUR PROPERTIES LIMITED                                                        
  (Incorporated in the Republic of South Africa)                                  
  JSE code: IFR          ISIN: ZAE000039236                                       
  (Registration number 2001/016118/06)                                            
  ("iFour" or "the company")                                                      
  PRESS RELEASE - DIRECTOR"S APPOINTMENT                                          
  In compliance with Paragraph 3.59 of the JSE Securities Exchange South Africa   
  Listings Requirements iFour is pleased to announce that at a meeting of iFour   
  directors held today, Mr Anthony Richards was elected as chairman of the company
  with immediate effect.  Dr Corne de Leeuw, the retiring chairman, will continue 
  to serve as an independent director of the company.                             
  Johannesburg                                                                    
  16 September 2003                                                               
  Sponsor                                                                         
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration number 1970/003711/07)                                            
  Date: 16/09/2003 03:25:15 PM Produced by the JSE SENS Department
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