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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           :    15 May 2003                                 
Class of shares purchased      :    Ordinary shares                             
No of shares                   :    3100                                        
Price                          :    70 cents                                    
Nature                         :    Purchase                                    
Extent of interest             :    Indirect beneficial - shares purchased by   
                                    Loita Investment Bank                       
Date: 16/05/2003 12:36:01 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                

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