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SPECTRUM SHIPPING LIMITED - DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY
Spectrum Shipping Limited                                                       
Registration number: 1998/018118/06                                             
Share code: SUM                                                                 
ISIN: ZAE000037446                                                              
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY                            
(In compliance with paragraph 3.63 of the Listings Requirements of the JSE      
Securities Exchange South Africa)                                               
Director:                          G. H Gerber                                  
Name of company:                   Spectrum Shipping Limited                    
Date:                              15 and 16 November 2004                      
Price:                             4 cents per share                            
Number of shares:                  400 000                                      
Class:                             Ordinary shares                              
Nature:                            Purchase                                     
Total consideration:               R16 000                                      
Extent of Director`s Interest:     Direct and beneficial.                       
Clearance to deal received in                                                   
terms of paragraph 3.66:           Obtained.                                    
Johannesburg                                                                    
17 November 2004                                                                
Sponsor: River Group                                                            
Date: 17/11/2004 10:38:02 AM                     
Produced by the JSE SENS Department

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