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Tue 29 Aug 2006, 9:59 Enterprise Risk Management Limited - Change to the
ERM
 ERM                                                                             
     Enterprise Risk Management Limited - Change to the board of directors      
     Enterprise Risk Management Limited                                         
     Incorporated in the Republic of South Africa                               
(Registration number: 1995/001603/06)                                      
     Share code: ERM  &  ISIN: ZAE000037701                                     
     ("ERM")                                                                    
     Change to the board of directors                                           
In compliance with section 3.59 of the Listings Requirements of JSE        
     Limited, the board of directors of ERM hereby notifies its shareholders    
     that Mr BHL Macdonald has resigned as a non-executive director with        
     immediate effect.                                                          
Johannesburg                                                               
     29 August 2006                                                             
     Sponsor                                                                    
     Merchant Sponsors (Proprietary) Limited                                    
Date: 29/08/2006 09:59:24 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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