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Mon 8 Nov 2004, 14:23 RENEWAL OF CAUTIONARY ANNOUNCEMENT
SPESCOM LIMITED - RENEWAL OF CAUTIONARY ANNOUNCEMENT (Amendment)                
Spescom Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/001083/06)                                            
Share code: SPS    ISIN code: ZAE 000017919                                     
(`the company`)                                                                 
WITH REFERENCE TO THE ANNOUNCEMENT RELEASED EARLIER ON SENS TODAY, KINDLY NOTE  
THAT THE FOLLOWING SHOULD HAVE READ AS FOLOWS:                                  
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcements dated 6 August 2004 and 17 September    
2004, shareholders are advised that the discussions entered into are still in   
progress, which, if successfully concluded, may have a material effect on the   
price at which the company`s securities trade on the JSE Securities Exchange    
South Africa.   Accordingly, shareholders of the company are advised to continue
to exercise caution when dealing in the company`s securities until a further    
announcement is made.                                                           
Johannesburg                                                                    
8 November 2004                                                                 
Sponsor:                                                                        
Investec Bank Limited
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