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Fri 28 May 2004, 14:19 DIRECTOR'S CHANGE IN DESIGNATION
AVASA HOLDINGS LIMITED - DIRECTOR`S CHANGE IN DESIGNATION                       
AVASA Holdings Limited                                                          
Incorporated in the Republic of South Africa)                                   
(Registration number 1998/013637/06)                                            
JSE Share code: AVA                                                             
ISIN ZAE000040622                                                               
(`AVASA`)                                                                       
DIRECTORS CHANGE IN DESIGNATION                                                 
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Securities Exchange South Africa, Avasa advises that Mr Julian Treger has with  
effect from 27 may 2004, resigned from his executive position with the company, 
but will remain on the board as a non-executive director.                       
28 May 2004                                                                     
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 28/05/2004 02:13:03 PM Supplied by www.sharenet.co.za                     
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