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Wed 30 Apr 2003, 15:17 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 :    29 April 2003                                          
No of shares        :    29160                                                  
Class               :    Ordinary shares                                        
Price               :    50 cents                                               
Total amount        :    R 14 500                                               
Nature              :    Purchase                                               
Extent of interest  :    Indirect beneficial - shares purchased by Loita        
Investment Bank                                                                 
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