Change to Board of Directors of Co.Secretary

Worldsec Ld
31 August 2000

Document Dated 30 August 2000

The Board of Directors of Worldsec Limited announces that Mr Paul Kwok Kin CHENG
has been appointed Company Secretary of the Company with effect from 31 August
2000 and that Mr John Martin MAGUIRE has resigned as Company Secretary on the
same date.