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Fri 10 May 2002, 0:00 Elb Group Limited - Exercise Of Options By Directo
ELB GROUP LIMITED
Registration number:  (1930/002553/06)
ISIN:                 ZAE000002374
SHARE CODE:           ELR
In the interest of good disclosure, the following information concerning the
exercise of options by a director is provided:
Director                 : E G Gregor
Date of Transaction      : 8 May 2002
Class of security        : Ordinary shares
Nature of transaction    : Exercise of share options
Number of shares and
exercise price           : 500 000 shares were issued as a result of the
                           exercise of options at the following exercise
                           prices (being the exercise prices stipulated in
                           terms of the ELB Group share incentive scheme):
                           200 000 shares at R4.90 per share
                           300 000 shares at R4.87 per share
Nature of Interest       : Direct / Beneficial

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