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SUM
 SUM                                                                             
Spectrum Shipping Limited - Cautionary Announcement                             
SPECTRUM SHIPPING LIMITED                                                       
Registration number: 1998/018118/06                                             
Share code: SUM                                                                 
ISIN: ZAE000037446                                                              
("Spectrum" or "the company")                                                   
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that negotiations are in progress which, if            
successfully concluded, may have a material effect on the price of the company"s
shares.                                                                         
Accordingly, shareholders are advised to exercise caution when dealing in their 
company shares until a further announcement is made.                            
25 April 2006                                                                   
Durban                                                                          
Corporate advisor and sponsor                                                   
RIVER GROUP                                                                  
Date: 25/04/2006 01:55:43 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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