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Thu 8 May 2003, 17:24 Insurance Outsourcing Managers Holdings Limited
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/013121/06)                                            
("Insure" or "the company")                                                     
Share code: INS          ISIN: ZAE000033221                                     
DEALINGS IN SECURITIES BY DIRECTORS                                             
In compliance with paragraphs 3.72 to 3.75 of the Listings Requirements of the  
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of director:                       CJ Cilliers                             
Date of transaction:                    06 May 2003                             
Number of shares:                       12 000                                  
Price per share:                        9 cents                                 
Class of securities:                    Ordinary shares                         
Nature of transaction:                  Buy                                     
Change in director"s interest:          Beneficial direct (0,011%)              
Name of director:                       CJ Cilliers                             
Date of transaction:                    02 May 2003                             
Number of shares:                       100                                     
Price per share:                        6 cents                                 
Class of securities:                    Ordinary shares                         
Nature of transaction:                  Buy                                     
Change in director"s interest:          Beneficial direct (0,0001%)             
Johannesburg                                                                    
08 May 2003                                                                     
Sponsor                                                                         
Arcay Group Limited                                                             
(Registration number 1991/003944/06)                                            



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