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SPESCOM LIMITED - DEALING IN SECURITIES BY DIRECTOR                             
Spescom Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/001083/06)                                            
ISIN: ZAE000017919                                                              
JSE Share code: SPS                                                             
(`Spescom`)                                                                     
DEALING IN SECURITIES BY DIRECTOR                                               
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Company director:             A. Farah                                          
Number & price of shares:     5 000 @ 138 cps                                   
Date of transaction:          15 June 2004                                      
Class of shares:              ordinary                                          
Nature of transaction:        Purchase                                          
Nature of interest:           Direct beneficial                                 
Approval:                     Approval obtained from Company secretary          
17 June 2004

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