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Tue 2 Dec 2003, 15:43 DEALING IN SECURITIES BY DIRECTOR
SPECTRUM SHIPPING LIMITED - DEALING IN SECURITIES BY DIRECTOR                   
SPECTRUM SHIPPING LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/018118/06)                                            
("the company")                                                                 
Share code SUM ISIN ZAE000037446                                                
In Compliance with rule 3.63 to 3.74 of the JSE Securities Exchange SA Listings 
Requirements, the following should be noted:                                    
Director:                        Mr Glen Gerber                                 
Date of transaction:             26 November 2003                               
Price:                           08 cents per share                             
Number of securities:            5 000                                          
Total Value:                     R400.00                                        
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: 02/12/2003 03:36:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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