Change to Board of Directors

Worldsec Ld 25 July 2000 The Board of Directors of Worldsec Limited announces that Mr Keigo YOKOYAMA ceased to be a director of Worldsec Limited effective from 25 July 2000, and Mr Takumi MUKAIYAMA ceased to be his alternate with effect from 25 July 2000. Mr Yoichi Kambara was appointed as a Non-Executive Director of Worldsec Limited at the Company's 6th Annual General meeting hold on 25 July 2000.