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Fri 4 Jul 2003, 14:34 Excellerate - Declaration Of Interest On Unsecured
EXCELLERATE HOLDINGS LIMITED                                                    
(Registration number 1997/009884/06)                                            
JSE code: EXLD      ISIN: ZAE000044145                                          
("Excellerate")                                                                 
DECLARATION OF INTEREST ON UNSECURED, COMPULSORILY CONVERTIBLE DEBENTURES       
Notice is hereby given that debenture interest for the period 20 January 2003 to
19 July 2003 of 4.39465 cents per unsecured, compulsorily convertible debenture 
("the debentures") will be paid to debenture holders recorded in the register of
Excellerate at the close of business on Friday, 18 July 2003 ("the record       
date"). Payment will be made on Monday, 21 July 2003 (`the pay date"). The      
interest rate applicable is the six month JIBAR as quoted from time to time by  
Nedbank Limited, plus 2.75 percentage points.                                   
The last date to trade cum interest will be Friday, 11 July 2003 and trading    
will commence ex interest on Monday, 14 July 2003. Debenture certificates may   
not be dematerialised or rematerialised between Monday, 14 July 2003 and Friday 
18 July 2003, both days inclusive. In respect of dematerialised debenture       
holders, interest will be transferred to the Central Securities Depository      
Participant accounts/broker accounts on the pay date. Certificated debenture    
holders" interest cheques will be posted on or about the pay date.              
Johannesburg                                                                    
4 July 2003                                                                     
Sponsor                  Registered Office     Transfer Secretary               
Nedbank Corporate        Lower Ground Floor    Computershare Investor           
                                               Services Limited                 
                         Pin Mill Farm         70 Marshall Street               
164 Katherine Street  Johannesburg, 2001               
                         Sandown 2196          (PO Box 1053 Johannesburg        
                                               2000)                            
                         (PO Box 785448,                                        
Sandton, 2146)
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