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Wed 19 May 2004, 8:22 Dealings In Securities By Director
Spectrum Shipping Limited - Dealings In Securities By Director 

Release Date: 19/05/2004 07:20:01      Code(s): SUM        
SPECTRUM SHIPPING LIMITED - DEALINGS IN SECURITIES BY DIRECTOR                  
Spectrum Shipping Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/018118/06)                                            
JSE Share code: SUM                                                             
ISIN: ZAE000037446                                                              
("Spectrum" or "the company")                                                   
DEALINGS IN SECURITIES BY A DIRECTOR                                            
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:                               Karl Gribnitz                           
Date/s of transaction/s:                17 May 2004                             
Price:                                  7 cents per share                       
Number of securities:                   305 600                                 
Total value:                            R21,392.00                              
Class of security:                      Ordinary shares                         
Nature of transaction:                  Sale                                    
Nature and extent of interest:          Indirectly Beneficial                   
Clearance given in terms                                                        
of paragraph 3.66:                      Yes                                     
19 May 2004                                                                     
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