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Explorer - DIRECTORS" DEALINGS 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" DEALINGS 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 Transactions        :    13 May 2003                                    
Class of shares purchased   :    Ordinary shares                                
No of shares                :    300                                            
Price                       :    65 cents                                       
Nature                      :    Purchase                                       
Extent of interest          :    Indirect beneficial - shares                   
                                 purchased by Loita Investment Bank             
Date: 14/05/2003 12:26:22 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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