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Thu 19 Feb 2004, 17:24 Trading statement and cautionary announcement
Spectrum Shipping - Trading statement and cautionary announcement               
Spectrum Shipping                                                               
   (Incorporated in the Republic of South Africa)                               
(Registration number 1908/018118/06)                                         
   Share code: SUM   ISIN: ZAE000037446                                         
   ("the company")                                                              
Trading statement and cautionary announcement                                   
Shareholders are advised that the company"s earnings and headline earnings per  
share for the year ended 31 December 2003 are expected to be materially less    
than those for the comparative period ("materially" is defined in the Listings  
Requirements of the JSE Securities Exchange South Africa as being between 10%   
and 30%).                                                                       
As these results have not been reviewed or reported on by the auditors,         
shareholders are advised to exercise caution when dealing in the company"s      
shares until publication of the financial results on or about 27 February 2004. 
By order of the board.                                                          
Durban                                                                          
19 February 2004                                                                
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Ltd                                                
(Registration number 1999/024792/07)                                            
Date: 19/02/2004 05:15:03 PM
Produced by the JSE SENS Department                                             
                                                                                
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