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Mon 23 Jun 2003, 16:22 SPESCOM LIMITED - DEALING IN SECURITIES BY A DIREC
SPESCOM LIMITED - DEALING IN SECURITIES BY A DIRECTOR                           
SPESCOM LIMITED                                                                 
(Registration number 1987/001083/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SPS         ISIN: ZAE000017919                                      
Dealing In Securities By A Director                                             
Further to the announcement released over SENS on 31 October 2002 regarding the 
ex-gratia transfer of 200 000 shares by Mr A Farah to an ex-employee of Spescom,
in terms of a written agreement, it has subsequently been agreed that only 100  
000 shares needed to have been transferred to such ex-employee.  Accordingly and
in rectification of this matter, 100 000 shares have been returned for zero     
consideration to Mr A Farah in full and final closure of this matter.           
This announcement is made in terms of paragraphs 3.63 to 3.74 of the JSE        
Securities Exchange South Africa Listings Requirements.                         
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 23/06/2003 03:46:20 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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