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SPECTRUM SHIPPING LIMITED - DEALING IN SECURITIES BY DIRECTOR                   
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 paragraphs 3.63 to 3.74 of the Listings  
Requirements of the JSE Securities Exchange South Africa, the following should  
be noted:                                                                       
Director:                               Glen Gerber                             
Date/s of transaction/s:                04 November 2003                        
Price:                                  08 cents per share                      
Number of securities:                   43 000                                  
Total value:                            R3 440                                  
Class of security:                      Ordinary shares                         
Nature of transaction:                  Purchase                                
Nature and extent of interest:          Beneficial                              
Clearance given in terms                                                        
of paragraph 3.66                       Yes                                     
Date: 06/11/2003 11:44:07 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department

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