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Fri 20 Oct 2006, 15:16 Enterprise Risk Management Limited - Removal of qu
ERM
 ERM                                                                             
Enterprise Risk Management Limited - Removal of qualification                   
Enterprise Risk Management Limited                                              
Incorporated in the Republic of South Africa                                    
(Registration number: 1995/001603/06)                                           
Share code: ERM & ISIN: ZAE000037701                                            
("ERM" or "the company")                                                        
REMOVAL OF QUALIFICATION                                                        
Following the publication of ERM"s consolidated reviewed interim results for    
the six months ended 31 August 2006, the auditors" review report no longer      
contains a qualification in relation to the recoverability of an amount that    
was owed to the company. In view of the fact that the company has reached a     
settlement on the loan and payment in terms thereof has been met, the           
qualification is no longer required. The company received confirmation from     
the JSE Limited ("JSE") that the "Q" annotation of the company"s share on the   
JSE SETS system has been removed.                                               
20 October 2006                                                                 
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 20/10/2006 03:16:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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