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Wed 23 Mar 2005, 14:48 Dealings by Directors in The Spescom Limited Share
Spescom - Dealings by Directors in The Spescom Limited Share Trust              
Spescom Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number:  1987/001083/06)                                          
Share code: SPS    ISIN: ZAE000017919                                           
(`Spescom`)                                                                     
Dealings by Directors in The Spescom Limited Share Trust (`the Trust`)          
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, Spescom  
herewith discloses the following information relating to the granting of share  
options by the Trust to employees, including executive directors.               
In terms of the Trust, share options in ordinary shares in Spescom have been    
granted to employees of Spescom on 14 March 2005 at a price of R1.17 per share. 
The options become exercisable two years from the date of grant and the option  
remains valid for a period of ten years.                                        
The total number of ordinary shares granted to each of the executive directors  
in terms of the Trust is as follows:                                            
A Farah                  190 000                                                
H Isaacman               190 000                                                
J Palmer                 190 000                                                
Johannesburg                                                                    
Sponsor:                                                                        
Investec Bank Limited                                                           
23 March 2005                                                                   
Date: 23/03/2005 02:41:12 PM                 
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