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Mon 3 Nov 2003, 17:24 NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL
KERSAF INVESTMENTS LIMITED - NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL   
MEETING                                                                         
KERSAF INVESTMENTS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1967/007528/06)                                            
Share code: KER                                                                 
ISIN: ZAE000003844                                                              
("the company")                                                                 
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING                        
In compliance with section 3.22 of the JSE Listing Requirements, shareholders   
are advised that the company has issued its annual financial statements for the 
year ended 30 June 2003 to members today, 3 November 2003 and as the information
previously published in the reviewed preliminary report on 29 August 2003 is    
unchanged, will not be publishing an abridged report.                           
The Annual Report will also be available on the company"s website:              
www.kersaf.com                                                                  
The results of the company were audited by PricewaterhouseCoopers Inc. and their
report is available for inspection at the company"s registered office.          
The annual general meeting of members will be held in the board room, 4th Floor,
27 Fredman Drive, Sandown, Sandton, on Tuesday, 25 November 2003 at 09h00.      
Sandown                                                                         
3 November 2003                                                                 
SPONSOR:                                                                        
INVESTEC BANK LIMITED                                                           
Date: 03/11/2003 05:23:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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