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Mon 27 Oct 2003, 8:58 Directors Dealings
Spectrum Shipping Limited -                 
Spectrum Shipping Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration No: 1998/018118/06)                                               
Share code: SUM ISIN: ZAE000037466                                              
("Spectrum" or "the company")                                                   
In accordance with the requirements of paragraph 3.63 the Listings Requirements 
of the JSE Securities Exchange South Africa, the following should be noted:     
Director:                     Glen Gerber                                       
Date/s of transaction/s:      23 October 2003                                   
Price:                        9 cents per share                                 
Number of shares:             6 100                                             
Class of security:            Ordinary shares                                   
Nature of transaction:        Bought                                            
Extent of interest:           Beneficial                                        
Director:                     Glen Gerber                                       
Date/s of transaction/s:      23 October 2003                                   
Price:                        9 cents per share                                 
Number of shares:             128 100                                           
Class of security:            Ordinary shares                                   
Nature of transaction:        Bought                                            
Extent of interest:           Beneficial                                        
Date: 27/10/2003 08:41:21 AM Supplied by www.sharenet.co.za                     
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