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Wed 8 Oct 2003, 11:26 DEALING IN SECURITIES BY DIRECTOR
Spectrum Shipping Limited - DEALING IN SECURITIES BY DIRECTOR                   
  Spectrum Shipping Limited                                                       
  (Registration number 1998/018118/06)                                            
  (Share code: SUM    ISIN: ZAE000037446)                                         
  DEALING IN SECURITIES BY DIRECTOR                                               
  In compliance with Rule 3.63 to 3.74 of the JSE Securities Exchange SA Listings 
  Requirements, the following should be noted:                                    
  Name of director       :  Tadeusz (Tadek) Tomaszewski                           
  Date of transaction    :  30 September 2003                                     
  Number of shares       :  30 000                                                
  Class of security      :  Ordinary shares                                       
  Price                  :  10 cents per share                                    
  Nature of transaction  :  Purchase                                              
  Extent of interest     :  Beneficial                                            
  Date: 08/10/2003 11:15:24 AM Produced by the JSE SENS Department                
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