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Mon 17 Mar 2003, 17:14 Jse Securities Exchange South Africa - Modified Au
Jse Securities Exchange South Africa - Modified Audit Opinion On Annual 
Release Date: 17/03/2003 17:00:23      Code(s): JSE SPS 
JSE SECURITIES EXCHANGE SOUTH AFRICA - MODIFIED AUDIT OPINION ON ANNUAL         
FINANCIAL STATEMENTS                                                            
SPESCOM LIMITED ("SPESCOM")                                                     
ALPHA CODE:  SPS - ISIN ZAE000017919                                          
The JSE Securities Exchange South Africa ("the JSE") wishes to advise that the  
audit opinion on Spescom"s annual financial statements for the year ended 30    
September 2002 contains an emphasis of matter.  Shareholders are advised to     
refer to the annual financial statements to ascertain the exact nature of the   
modification.                                                                   
Accordingly, the company"s listing on the JSE SETS system will be annotated with
an "E" to indicate the emphasis of matter.  The annotation will be removed once 
the company produces an unmodified audit opinion.                               
This announcement has been placed by the JSE in the interest of shareholders.   
(18 March 2003)                                                                 
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