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Tue 2 Mar 2004, 8:56 AGI appoints Chairman and CEO
AG INDUSTRIES LIMITED - APPOINTMENT OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER     
  AG Industries Limited                                                           
  ("the Company" or "the Group")                                                  
  (Incorporated in the Republic of South Africa)                                  
  (Registration number: 1980/004051/06)                                           
  Share code: AGI)                                                                
  ISIN: ZAE000039467                                                              
  APPOINTMENT OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER                             
  Shareholders of the Company are advised that the roles of chairman and chief    
  executive officer have been separated. Mr Alex Barrell has resigned as Executive
  Chairman and retains his appointment as Chief Executive Officer. Hymie Levin, a 
  non-executive director of the company since 1999, has been appointed as the non-
  executive Chairman of the Company. Hymie Levin is a commercial and tax attorney 
  and a director of several listed companies. He has been associated with the     
  Group for 21 years and his immense expertise and wide experience have           
  contributed significantly to the Group"s progress. He serves as Chairman of the 
  Audit Committee and is a member of the Remuneration Committee of the Company.   
  2 March 2004                                                                    
  Johannesburg, South Africa                                                      
  Sponsor                                                                         
  HSBC Investment Services                                                        
  Date: 02/03/2004 08:04:54 AM Produced by the JSE SENS Department
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