/ 30 June 1999

NEW CEO FOR FIRSTRAND

IN the wake of FirstRand’s recently completed bankng merger, Paul Harris was on Wednesday named as CEO of FirstRand Bank Ltd as FirstRand announced the appointment of the boards of FirstRand Bank Holdings and FirstRand Bank Ltd. Viv Bartlett assumes the position of deputy CEO. Effective July 1, the boards of the two companies are:

FirstRand Bank Holdings Limited: G T Ferreira (chairman); Viv Bartlett (deputy chairman); Paul Harris (deputy chairman); Michael Brogan; Johan Burger; Laurie Dippenaar; David Fish; John Gafney; Pat Goss; Mike King; Rupert Pardoe, Richard Savage, Dr Sadek Vahed; and Robbie Williams.

FirstRand Bank Limited: GT Ferreira (chairman); Mike King (deputy chairman); Paul Harris (CEO); Viv Bartlett (deputy CEO); Michael Brogan; Johan Burger; Laurie Dippenaar; David Fish; John Gafney; Pat Goss; Rupert Pardoe; Richard Savage; Dr Sadek Vahed; Robbie Williams.

First National Bank Holdings becomes FirstRand Bank Holdings on July 1 and First National Bank of Southern Africa becomes FirstRand Bank Ltd from the same date.