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Wed 17 Dec 2003, 11:42 RENEWAL OF CAUTIONARY ANNOUNCEMENT
SPESCOM LIMITED - RENEWAL OF CAUTIONARY ANNOUNCEMENT                            
  SPESCOM LIMITED                                                                 
  Incorporated in the Republic of South Africa                                    
  Registration number 1987/001083/06                                              
  Share code: SPS                                                                 
  ISIN: ZAE000017919                                                              
  ("Spescom" or "the Company")                                                    
  RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
  Further to the cautionary announcement published on 5 November 2003,            
  shareholders are advised that Spescom is still involved in negotiations         
  regarding the introduction of a black economic empowerment partner to the       
  Company which, if successfully concluded, may have an effect on the price of the
  Company"s shares.                                                               
  Accordingly, shareholders are advised to continue to exercise caution when      
  dealing in the Company"s shares until a further announcement is made.           
  Johannesburg                                                                    
  17 December 2003                                                                
  Sponsor                                                                         
  Investec Bank Limited                                                           
  Date: 17/12/2003 11:35:01 AM Produced by the JSE SENS Department
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