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Tue 21 Dec 2004, 11:15 Announcement to shareholders
Glenrand M.I.B - Announcement to shareholders                                   
Glenrand M.I.B Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008001/06)                                            
Share Code: GMB   ISIN :  ZAE000018529                                          
(`Glenrand M.I.B`)                                                              
Announcement to shareholders                                                    
With regard to the action instituted by Lappeman Diamond Cutting Works (Pty)    
Limited against the MIB Group (Pty) Limited in 1994 and later against Glenrand  
MIB Limited, Glenrand MIB Limited are pleased to announce that the matter has   
been finally settled and that Lappeman Diamond Cutting Works (Pty) Limited has  
withdrawn its action. In terms of the settlement agreement neither party was,   
inter alia, required to effect any payment of monies. This concludes the matter 
that has been reported upon in the financial statements of Glenrand MIB Limited 
over the past number of years.                                                  
Johannesburg                                                                    
21 December 2004                                                                
Date: 21/12/2004 11:08:16 AM                      
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