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Tue 11 Mar 2003, 10:26 Spectrum Shipping Limited - Director dealings in s
SPECTRUM SHIPPING LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
Registration Number : 1998/018118/06                                            
Share code  :  SUM                                                              
ISIN        :  ZAE000037446                                                     
11 March 2003                                                                   
In accordance with the requirements of paragraphs 3.72 to 3.75 of the Listings  
Requirements of the JSE Securities Exchange South Africa, the following should  
be noted:                                                                       
Director                           :    Rajin (Benny) Singh                     
Date/s of transaction/s            :    25 February  to 6 March 2003            
Price                              :    11 cents per share                      
Number of shares                   :    5 080 000                               
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Sale                                    
Extent of interest                 :    Beneficial                              
Date/s of transaction/s            :    26 February 2003                        
Price                              :    13 cents per share                      
Number of shares                   :    105 000                                 
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Sale                                    
Extent of interest                 :    Beneficial                              
Date/s of transaction/s            :    3 March 2003                            
Price                              :    12 cents per share                      
Number of shares                   :    150 000                                 
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Sale                                    
Extent of interest                 :    Beneficial                              


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