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Fri 6 Feb 2004, 15:53 - APPOINTMENT OF FINANCIAL DIRECTOR
GILBOA PROPERTIES LIMITED - APPOINTMENT OF FINANCIAL DIRECTOR                   
GILBOA PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004649/06)                                            
Share code: GLB     ISIN No: ZAE000010286                                       
("Gilboa" or "the company")                                                     
APPOINTMENT OF FINANCIAL DIRECTOR                                               
In compliance with sections 3.59 to 3.62 of the JSE Securities Exchange South   
Africa Listings Requirements, the company is pleased to announce the following  
director appointment effective immediately:                                     
Riana Storbeck (32) - appointed as Group Financial Director                     
Riana is a chartered accountant and completed articles with BDO Spencer Steward.
Prior to joining Gilboa Riana worked as the assistant to the Group Financial    
Director of Metje & Ziegler Limited in Namibia, a company listed on both the    
Namibian and South African stock exchanges, before moving back to South Africa  
in January 2003.  After a year of consulting Riana joined Gilboa in January 2004
as financial director of Absolute Tiles (Pty) Ltd, before being promoted to     
Financial Director of the group with immediate effect.                          
By order of the board                                                           
Johannesburg                                                                    
05 February 2004                                                                
Sponsor                                                                         
Arcay Group Limited                                                             
Date: 06/02/2004 03:32:02 PM 
Produced by the JSE SENS Department                                             
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