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Tue 23 Nov 2004, 16:20 BELL EQUIPMENT LIMITED - RESIGNATION OF NON-EXECUT
BELL EQUIPMENT LIMITED - RESIGNATION OF NON-EXECUTIVE DIRECTOR                  
BELL EQUIPMENT LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1968/013656/06                                              
Share code: BEL     ISIN: ZAE000028304                                          
(`Bell` or `the Company`)                                                       
RESIGNATION OF NON-EXECUTIVE DIRECTOR                                           
In accordance with Section 3.59 of the JSE Securities Exchange South Africa     
Listings Requirements, in respect of a change to the Board of Directors,        
notification is hereby given that Mr M A Guinn has resigned as a non-executive  
alternate director with immediate effect.                                       
23 November 2004                                                                
Sponsor                                                                         
Investec Bank Limited
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