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Tue 3 Feb 2004, 17:43 REORGANISATION OF THE BOARD OF DIRECTORS
PUTCO PROPERTIES LIMITED - REORGANISATION OF THE BOARD OF DIRECTORS             
  PUTCO PROPERTIES LIMITED                                                        
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1988/001085/06                                             
  Share code: PPR   ISIN:  ZAE000005567                                           
  ("the company")                                                                 
  Reorganisation of the board of directors                                        
  At a board meeting held on 31 January 2004 the following changes were made to   
  the board of directors.                                                         
  With effect from 1 January 2004, Mr A Carleo, (previously Chairman and CEO) has 
  been appointed Chief Executive Officer and the role of Chairman will be filled  
  by Dr JH de Loor, a non-exective director.                                      
  Johannesburg                                                                    
  3 February 2004                                                                 
  Sponsor                                                                         
  (Ernst & Young Sponsors (Pty) Ltd Logo)                                         
  (Registration number 2000/031843/07)                                            
  Date: 03/02/2004 05:15:05 PM Produced by the JSE SENS Department
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