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Wed 7 May 2003, 16:39 Explorer Corporation Holdings Limited - Directors
Explorer Corporation Holdings Limited - 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                                         
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 JN Chinyanta and Y Bazian                       
Date of Transaction :    6 May 2003                                             
No of shares        :    5 000                                                  
Class               :    Ordinary shares                                        
Price               :    55 cents                                               
No of shares        :    34 417                                                 
Class               :    Ordinary shares                                        
Price               :    65 cents                                               
Total amount        :    R 25 121                                               
Nature              :    Purchase                                               
Extent of interest  :    Indirect beneficial - shares purchased by Loita        
Investment Bank                                                                 


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