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Mon 20 May 2002, 0:00 Explorer Corporation Holdings Limited - Directors
Explorer Corporation Holdings Limited - Directors Dealing In Securities         
Explorer Corporation Holdings Limited                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/010950/06)                                            
("Explorer" or "the Company")                                                   
SHARE CODE: EPL      ISIN: ZAE000017489                                         
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with the requirements of rule 3.72 to 3.75 of the JSE Listings    
Requirements, the following should be noted:                                    
Director            :    Mr Y Bazian                                            
Date of Transaction :    16 May 2002                                            
No of shares        :    202055                                                 
Class               :    Ordinary shares                                        
Price               :    7.65 cents (average)                                   
Total amount        :    R 15457.21                                             
Nature              :    Purchase                                               
Extent of interest       :    Indirect beneficial                               
Director            :    Mr Y Bazian                                            
Date of Transaction :    17 May 2002                                            
No of shares        :    50 000                                                 
Class               :    Ordinary shares                                        
Price               :    9 cents                                                
Total amount        :    R 4500.00                                              
Nature              :    Purchase                                               
Extent of interest       :    Indirect beneficial                               
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