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Wed 10 Dec 2003, 9:56 Changes to the Board of Directors
Cape Empowerment Trust Limited - Changes to the Board of Directors              
  Cape Empowerment Trust Limited                                                  
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1998/014606/06)                                            
  JSE Code CAE                                                                    
  ISIN ZAE000016952                                                               
  ("Cape Empowerment Trust" and "the company")                                    
  Changes to the Board of Directors                                               
  Shareholders are advised that Rorden John McGregor has been appointed as        
  executive director and company secretary to the company with effect from 8      
  December 2003 and that Messrs. VA Butler and M Scott have resigned from the     
  board of directors of Cape Empowerment Trust with effect from 8 December 2003.  
  Cape Town                                                                       
  9 December 2003                                                                 
  Sponsor                                                                         
  Sasfin Corporate Finance                                                        
  A division of Sasfin Bank Limited                                               
  Date: 10/12/2003 09:42:01 AM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  


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