Sexwale appointed chairman of Trans Hex

Sexwale appointed chairman of Trans Hex                                         
Trans Hex Group Limited                                                         
News release                                                                    
Sexwale appointed chairman of Trans Hex                                         
(Cape Town 16th August 2002) The appointment of Tokyo Sexwale - one of South    
Africa`s most respected businessmen - as chairman of Trans Hex signals the      
beginning of an aggressive expansion phase for the niche diamond mining company.
Sexwale has been on the Trans Hex board since 2000 when, through Mvelaphanda    
Holdings (Mvela), he facilitated the acquisition of additional land and marine  
resources with the purchase of Gem Diamonds and Benguela Concessions.           
Outgoing chairman Bernard van Rooyen said : "I am delighted to handover to a man
of Tokyo`s calibre - he has proven to be an astute leader with incredible       
vision.  He has thrived in the rough and tumble of the uncompromising resource  
sector and will be a real asset for the future of the Company."                 
Sexwale said : "I am honoured.  Trans Hex is globally acknowledged as a leader  
in alluvial mining.  Its reputation for producing some of the world`s most      
sought-after conflict-free gem-quality diamonds separates it as a star          
performer."                                                                     
"These successes have been due to the quality and dedication of the people      
within the Company and I intend to bring the leadership required to maintain    
this winning culture."                                                          
Sexwale added that Trans Hex was in an advanced stage of negotiations to secure 
additional resources both within and outside South Africa and that an           
announcement would be made in the near future.                                  
Van Rooyen, who has been on the Trans Hex board since 1993, will remain and take
over the deputy chairman mantle.                                                
"We are at an exciting juncture," said Sexwale.  "Our absolute commitment to    
meaningful empowerment measures within the Company ensures that we are well-    
placed to take advantage of the changing marketplace."                          
Ends.                                                                           
Editors note:                                                                   
Mvelaphanda Holdings has a diverse shareholder base which includes; the Women`s 
Development Bank Investment Holding Company (representing a trust that provides 
loans to historically disadvantaged rural women); the Makana Investment Company 
(which represents 10 000 former political prisoners); the Mabutho Investment    
Company (which represents 60 000 former Umkhonto I`Sizwe veterans and their     
dependants); and the Steve Biko Foundation.                                     
For further information                 : Bernard van Rooyen - 082 659 1421     
                                          Calvyn Gardner - 021 937 2000         
Issued by                                 Cullum Johnston                       
                                           BHA Communications                   
                                           021 683 2685 / 083 212 2455          
Date: 16/08/2002 03:47:07 PM Supplied by www.sharenet.co.za                     
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