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Fri 24 Oct 2003, 16:18 DEALINGS IN SECURITIES BY
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED - DEALINGS IN SECURITIES BY     
DIRECTOR                                                                        
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/013121/06)                                            
("INSURE" or "the company")                                                     
JSE Code: INS                                                                   
ISIN Code: ZAE 000033221                                                        
DEALINGS IN SECURITIES BY DIRECTOR                                              
In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the  
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of director:                  DM Burns                                     
Date of transaction:               23 October 2003                              
Number of shares:                  5 400 000                                    
Class of securities:               Ordinary shares                              
Nature of transaction:             Purchase                                     
Price per share:                   17 cents                                     
Extent of change in director"s                                                  
interest:                          Direct (4,86%)                               
Clearance for the share purchases was obtained in compliance with paragraph 3.66
of the JSE Listings Requirements.                                               
Johannesburg                                                                    
23 October 2003                                                                 
Sponsor:                                                                        
Arcay Group Limited                                                             
Date: 24/10/2003 04:04:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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