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Tue 29 Apr 2003, 17:03 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" or "the Company")                                                   
SHARE CODE: EPL      ISIN: ZAE000017489                                         
                                         
In compliance with the requirements of rule 3.72 to 3.75 of the JSE Listings    
Requirements, the following should be noted:                                    
Director            :    Messrs JN Chinyanta and Y Bazian                       
Date of Transaction :    25 April 2003                                          
No of shares        :    400                                                    
Class               :    Ordinary shares                                        
Price               :    35 cents                                               
Total amount        :    R 140                                                  
Nature              :    Purchase                                               
Extent of interest  :    Indirect beneficial - shares purchased by Loita        
                         Investment Bank                                        
end                                                                             
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