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Spectrum Shipping - Withdrawal of cautionary announcement                       
Spectrum Shipping                                                               
   (Incorporated in the Republic of South Africa)                               
(Registration number 1998/018118/06)                                         
   Share code SUM   ISIN ZAE000037446                                           
   ("Spectrum Shipping")                                                        
Withdrawal of cautionary announcement                                           
Shareholders are advised that the negotiations referred to in the further       
cautionary announcement published on 3 October 2002, have been terminated.      
Shareholders are accordingly advised that caution is no longer required in      
dealing in their Spectrum Shipping shares.                                      
Mount Edgecombe                                                                 
14 November 2002                                                                
Corporate adviser                                                               
   Radagast Capital (Pty) Ltd                                                   
(Registration number 2000/030942/07)                                         
Sponsor                                                                         
   LPC Manhattan Sponsors (Pty) Ltd                                             
   (Registration number 1999/024792/07)                                         
Date: 14/11/2002 11:10:19 AM Produced by the JSE SENS Department                

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