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Mon 11 Nov 2002, 13:36 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 rule 3.72 to 3.75 of the JSE Listings Requirements, the      
following should be noted:                                                      
Director                 :    Mr JN Chinyanta                                   
Date of Transaction      :    8 November 2002                                   
No of shares             :    1 051                                             
Price                    :    89 cents                                          
No of shares             :    1 000                                             
Price                    :    90 cents                                          
Total amount             :    R 1 835.39                                        
Class                    :    Ordinary shares                                   
Nature                   :    Purchase                                          
Extent of interest       :    Indirect beneficial                               
end                                                                             
Date: 11/11/2002 10:06:51 AM Produced by the JSE SENS Department                


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