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Avgold - Appointment of Directors                                               
Avgold Limited                                                                  
Registration number 1990/007025/06                                              
(Incorporated in the Republic of South Africa)                                  
(Share code: AVG)                                                               
(ISIN code: ZAE000012175)                                                       
("Avgold")                                                                      
Appointment of Directors                                                        
The Board is pleased to announce the appointment of Mr A J Wilkens to the Board 
with effect from 10 October 2003.  Mr G Briggs will serve as an alternate       
director to Mr A J Wilkens.                                                     
Johannesburg                                                                    
10 October 2003                                                                 
Issued by:                                                                      
Sponsor to Avgold                                                               
Merrill Lynch South Africa (Pty) Limited

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