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Fri 23 May 2003, 17:36 Insure - DEALINGS IN SECURITIES BY DIRECTORS
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:                  BB Dunn                                      
Date of transaction:               22 May 2003                                  
Number of shares:                  17 110 763                                   
Price per share:                   17,5 cents                                   
Class of securities:               Ordinary shares                              
Nature of transaction:             Sell                                         
Change in director"s interest:     Beneficial indirect (15,17%)                 
                                   Non-beneficial indirect (0,23%)              
Johannesburg                                                                    
23 May 2003                                                                     
Sponsor                                                                         
Arcay Group Limited                                                             
(Registration number 1991/003944/06)                                            
Date: 23/05/2003 05:04:28 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



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