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Wed 12 Feb 2003, 12:27 Explorer - Directors Dealing In Securities
Explorer - 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            :    Messrs J Chinyanta and Y Bazian                        
Date of Transaction :    30 August 2002                                         
No of shares        :    811                                                    
Price               :    63  cents                                              
No of shares        :    10 000                                                 
Price               :    64 cents                                               
No of shares        :    16060                                                  
Price               :    65 cents                                               
Total amount        :    R 17 349.93                                            
Date of Transaction :    03 September 2002                                      
No of shares        :    11 205                                                 
Price               :    65 cents                                               
Total amount        :    R 7 283.25                                             
Date of Transaction :    09 September 2002                                      
No of shares        :    300  000                                               
Price               :    68 cents                                               
Total amount        :    R 204 000.00                                           
Date of Transaction :    10 September 2002                                      
No of shares        :    1 645                                                  
Price               :    65 cents                                               
Total amount        :    R 1 069.25                                             
Date of Transaction :    11 September 2002                                      
No of shares        :    4  000                                                 
Price               :    65 cents                                               
No of shares        :    20  000                                                
Price               :    68 cents                                               
Total amount        :    R 16 200.00                                            
Date of Transaction :    12 September 2002                                      
No of shares        :    370                                                    
Price               :    65 cents                                               
Total amount        :    R 240.50                                               
Date of Transaction :    13 September 2002                                      
No of shares        :    1 200                                                  
Price               :    65 cents                                               
Total amount        :    R 780.00                                               
Date of Transaction :    17 September 2002                                      
No of shares        :    4 709                                                  
Price               :    65 cents                                               
Total amount        :    R 3 060.85                                             
Date of Transaction :    18 September 2002                                      
No of shares        :    500                                                    
Price               :    58 cents                                               
Total amount        :    R 290.00                                               
Date of Transaction :    19 September 2002                                      
No of shares        :    200  000                                               
Price               :    68 cents                                               
Total amount        :    R 136 000.00                                           
Date of Transaction :    23 September 2002                                      
No of shares        :    66 400                                                 
Price               :    75 cents                                               
Total amount        :    R 49 800.00                                            
Date of Transaction :    25 September 2002                                      
No of shares        :    70 000                                                 
Price               :    90  cents                                              
No of shares        :    500                                                    
Price               :    95 cents                                               
No of shares        :    100 500                                                
Price               :    100 cents                                              
Total amount        :    R 163 475.00                                           
Date of Transaction :    27 September 2002                                      
No of shares        :    62 500                                                 
Price               :    110 cents                                              
No of shares        :    20 000                                                 
Price               :    115 cent                                               
Total amount        :    R 91 750.00                                            
Date of Transaction :    14 January 2003                                        
No of shares        :    4 000                                                  
Price               :    50 cents                                               
No of shares        :    1 553                                                  
Price               :    60 cents                                               
No of shares        :    72 330                                                 
Price               :    70 cents                                               
Total amount        :    R 55362.80                                             
Date of Transaction :    15 January 2003                                        
No of shares        :    30 276                                                 
Price               :    65 cents                                               
Total amount        :    R 19 679.40                                            
Date of Transaction :    17 January 2003                                        
No of shares        :    9 700                                                  
Price               :    68 cents                                               
Total amount        :    R 6 596.00                                             
Date of Transaction :    20 January 2003                                        
No of shares        :    51 754                                                 
Price               :    68 cents                                               
Total amount        :    R 35 192.72                                            
Date of Transaction :    22 January 2003                                        
No of shares        :    10 000                                                 
Price               :    68 cents                                               
Total amount        :    R 6 800.00                                             
Date of Transaction :    23 January 2003                                        
No of shares        :    50 000                                                 
Price               :    84 cents                                               
No of shares        :    6 000                                                  
Price               :    85 cents                                               
Total amount        :    R 47 100.00                                            
Date of Transaction :    24 January 2003                                        
No of shares        :    15 500                                                 
Price               :    84 cents                                               
Total amount        :    R 13 020.00                                            
Date of Transaction :    27 January 2003                                        
No of shares        :    1 500                                                  
Price               :    89 cents                                               
No of shares        :    116 3307                                               
Price               :    90 cents                                               
Total amount        :    R 106 551.30                                           
Date of Transaction :    28 January 2003                                        
No of shares        :    1 000                                                  
Price               :    85  cents                                              
No of shares        :    10 000                                                 
Price               :    92 cents                                               
No of shares        :    30 000                                                 
Price               :    93 cents                                               
Total amount        :    R 37950.00                                             
Class               :    Ordinary shares                                        
Nature              :    Purchase                                               
Extent of interest  :    Indirect beneficial - the shares were purchased for    
                         investment purposes by Loita Investment Bank Limited,  
                         of Malawi, a company of which both Messrs Chinyanta and
Bazian  are directors and in whose ultimate holding    
                         company they each own 25%.                             
The trades were executed on behalf of Loita Investment Bank Limited following a 
resolution of its board of directors to invest in Explorer shares. Neither of   
Messrs Chinyanta nor Bazian is responsible for or is mandated to instruct the   
timing of any transactions. They were consequently not interpreted as trading by
directors or their associates.                                                  
Date: 12/02/2003 12:13:00 PM Produced by the JSE SENS Department                

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