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Fri 29 Oct 2004, 15:16 RESIGNATION OF DIRECTORS OF LISTED COMPANY
SPECTRUM SHIPPING LIMITED - RESIGNATION OF DIRECTORS OF LISTED COMPANY          
Spectrum Shipping Limited                                                       
(Registration number: 1998/018118/06)                                           
Share code: SUM                                                                 
ISIN:       ZAE000037446                                                        
RESIGNATION OF DIRECTORS OF LISTED COMPANY                                      
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Securities Exchange South Africa shareholders attention is drawn to the fact    
that Mr. Karl Gribnitz has resigned with effect from today`s date from the board
of directors of Spectrum Shipping Limited due to his other listed company and   
work commitments. Jan Nel of Gandalf will remain on the board of directors      
representing Gandalf`s interest in Spectrum Shipping Limited                    
Johannesburg                                                                    
29 October 2004                                                                 
Sponsor: River Group                                                            
Date: 29/10/2004 03:05:05 PM                   
Produced by the JSE SENS Department
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