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Mon 13 Oct 2003, 15:28 PRESS RELEASE
ALEXANDER FORBES LIMITED - PRESS RELEASE                                        
  ALEXANDER FORBES LIMITED                                                        
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1958/001974/06)                                            
  Share code:  AFB                                                                
  ISIN code: ZAE 000018230                                                        
  ("Alexander Forbes")                                                            
  PRESS RELEASE                                                                   
  The purpose of this announcement is to respond to various media reports relating
  to a potential claim against Alexander Forbes.                                  
  Earlier today, we received a communication from attorneys claiming to represent 
  former employees of various companies. This communication (the first to have    
  been received in this regard) appears to constitute a demand for information    
  from Alexander Forbes relating to an unspecific potential claim against various 
  parties.                                                                        
  No claim for payment of any amount has been made against Alexander Forbes.      
  Date: 13/10/2003 03:17:01 PM Produced by the JSE SENS Department
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