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Thu 9 Sep 2004, 13:48 Resignation Of Non-Executive Director
Metropolitan Holdings Limited - Resignation Of Non-Executive Director           
Metropolitan Holdings Limited                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 2000/031756/06                                             
JSE Code: MET                                                                   
NSX Code: MTD                                                                   
ISIN Code: ZAE000050456                                                         
(`Metropolitan` or `the company`)                                               
RESIGNATION OF NON-EXECUTIVE DIRECTOR                                           
In compliance with section 3.59 of the Listings Requirements of the JSE         
Securities Exchange South Africa, notification is hereby given that Mr Sandile  
Zungu, an independent non-executive director, resigned from the board of the    
company with effect from 9 September 2004.                                      
The reason for the resignation is that Mr Zungu is pursuing other interests in  
the financial services sector which may compete directly with the business of   
Metropolitan.                                                                   
Cape Town                                                                       
9 September 2004                                                                
Sponsor                                                                         
Merrill Lynch SA (Pty) Limited                                                  
Date: 09/09/2004 01:37:05 PM                
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