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Wed 30 Oct 2002, 15:54 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")                                                                    
SHARE CODE: EPL      ISIN: ZAE000039970                                         
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 :    29 October 2002                                        
No of shares        :    1455                                                   
Price               :    95 cents                                               
No of shares        :    1000                                                   
Price               :    100 cents                                              
Total amount        :    R 2 382.25                                             
Class               :    Ordinary shares                                        
Nature              :    Purchase                                               
Extent of interest  :    Indirect beneficial                                    
Date: 30/10/2002 03:49:08 PM Produced by the JSE SENS Department                

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