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Spectrum - Dealing in securities by directors                                   
Spectrum Shipping Limited                                                       
(`Spectrum` or `the Company`)                                                   
Registration number: 1998/018118/06                                             
Share code: SUM                                                                 
ISIN: ZAE000037446                                                              
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY                            
On 4 August 2005 the following director was allocated shares                    
at a price of 6,5 cents per share as per the Share Purchase                     
and Option Scheme of the Company:                                               
Director:                          D.Kelly                                      
Name of company:                   Spectrum Shipping Limited                    
Date:                              04 August 2005                               
Price:                             6,5 cents per share                          
Number of shares:                  20 000 000                                   
Class:                             Ordinary shares                              
Extent of Director`s Interest:     Direct and beneficial.                       
Clearance has been obtained in terms of 3.66 of the JSE                         
Listings Requirements.                                                          
Pretoria                                                                        
22 August 2005                                                                  
Sponsor: River Group                                                            
Date: 22/08/2005 05:16:13 PM      
Produced by the JSE SENS Department

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