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Tue 29 Mar 2005, 15:48 RESIGNATION OF DIRECTOR AND MANAGEMENT APPOINTMENT
Metboard Properties Ltd - Resignation Of Director And Management                
Appointments                                                                    
Metboard Properties Ltd                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/005425/06)                                            
Share code:  MPL   ISIN: ZAE000014874                                           
RESIGNATION OF DIRECTOR AND MANAGEMENT APPOINTMENTS                             
Mr Jeff Sher has resigned as a director of Metboard Properties Limited          
(`Metboard`) with immediate effect.                                             
Mr Estienne de Klerk will continue in his role as fund manager of Metboard and  
will be appointed as an executive director of Metboard. Estienne will be        
assisted in the strategic asset management of the property portfolio by Mr      
Tyrone Govender who for the past 3 years has been responsible for the property  
management of a major portion of Metboard`s property portfolio and has 12 years 
property experience of which 9 years has been specific to industrial property.  
Sandton                                                                         
29 March 2005                                                                   
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 29/03/2005 03:29:08 PM                 
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