GROUP FIVE LIMITED - RE-STRUCTURE OF BOARD OF DIRECTORS

GROUP FIVE LIMITED - RE-STRUCTURE OF BOARD OF DIRECTORS                         
(Registration Number: 1969/000032/06)                                           
(Incorporated in the Republic of South Africa)                                  
Share Code: GRF      ISIN Code: ZAE 000027405                                   
("the company")                                                                 
Re-structure of Board of Directors                                              
A review of the Group Five board, as presently constituted, against the         
criteria set out in the King II report has highlighted some shortcomings.       
We are therefore pleased to announce the following changes.                     
Two now non-executive directors have been appointed with effect from 1 July     
2002.  They are:                                                                
*    Mr Makgabo Rufus Maruma, and                                               
*    Mr Kalaa Katema Mpinga.                                                    
Both these gentlemen have enjoyed successful careers and will make an           
important contribution to the Group.                                            
Mr Paul le Sueur, who heads up the large and important Buildings business       
and whose responsibilities have recently been expanded to embrace the           
Group`s international building activities, has volunteered to step down from    
the Group Five board in order to give his undivided attention to the            
management of the operations under his control.                                 
Mr George Negota, who has been a non-executive director since 26 August         
1999, has resigned with effect from 30 June in view of potential conflicts      
of interest with his other activities.                                          
Mr Frik Venter has also resigned from the board in order to concentrate on      
his new role as Operations Director in the restructured Roads business.         
Following these changes, the board will be made up as follows:                  
Non-Executive Directors            Executive Directors                          
G M Thomas (Chairman)              M H Lomas (Chief Executive Officer)          
Baroness Lynda Chalker             J H Banton                                   
M R Maruma                         P du Preez                                   
K K Mpinga                         P J Erasmus                                  
D Paizes                           H C Turner                                   
GM THOMAS                                                                       
CHAIRMAN                                                                        
Rivonia, Johannesburg                                                           
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
02 July 2002                                                                    
Date: 02/07/2002 01:39:06 PM Produced by the SENS Department