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Wed 10 May 2006, 11:26 Spescom Limited - Announcement relating to propert
SPS
 SPS                                                                             
Spescom Limited - Announcement relating to property                             
Spescom Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/001083/06)                                            
Share code: SPS & ISIN code: ZAE000017919                                       
("the company")                                                                 
Announcement relating to property                                               
Shareholders of the company are advised that in the spirit of transparency and  
good corporate governance, the group announces that it has re-valued its land   
and buildings in accordance with its accounting policy. The land and buildings  
known as Portion 13 of Agriculture Holding No 1 Halfway House Estate,           
Registration Division IR Gauteng known as Spescom Park were re-valued from      
R19.35m to R27.5m. The valuation was conducted by C.S Massel Valuation Services 
CC.                                                                             
Johannesburg                                                                    
10 May 2006                                                                     
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 10/05/2006 11:26:02 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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