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SPECTRUM SHIPPING LIMITED - RESIGNATION AS DIRECTOR                             
SPECTRUM SHIPPING LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/018118/06)                                            
("the company")                                                                 
Share code SUM ISIN ZAE000037446                                                
RESIGNATION AS DIRECTOR                                                         
The company wishes to advise that MR Walwyn has resigned as a director of the   
company in order to pursue his own interests.  These interests include a        
logistics consultancy through which his expertise will be available to the      
company.                                                                        
The effective date of the resignation will be 30 November 2003.                 
Sponsor                                                                         
LPC Manhattan Sponsors (Proprietary) Limited                                    
Date: 06/11/2003 11:45:12 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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