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Tue 8 Jul 2003, 11:55 JSE SECURITIES EXCHANGE SOUTH AFRICA - LATE SUBMIS
LATE SUBMISSION OF ANNUAL FINANCIAL STATEMENTS                                  
EXPLORER CORPORATION HOLDINGS LIMITED ("EXPLORER")                              
(ALPHA CODE:  EPL - ISIN ZAE000039970)                                          
The JSE Securities Exchange South Africa ("the JSE") wishes to advise that      
EXPLORER has failed to submit its annual report within the six-month period     
stipulated in the JSE"s Listings Requirements.                                  
Accordingly, the company"s listing on the JSE SETS system will be annotated with
an  "RE" , to indicate that the company has failed to submit its annual         
financial statements timeously and that the listing of the company"s securities 
is under threat of suspension and possible termination.  Should  the company    
fail to submit its annual financial statements by Thursday, 31 July 2003, its   
listing will be suspended, pending the convening of a special  meeting of the   
JSE to consider the continued suspension or termination of its listing.         
This announcement has been placed by the JSE in the interest of shareholders.   
(8 July 2003)
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