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Mon 3 Nov 2003, 13:41 DEALING IN SECURITIES BY A DIRECTOR
ELLERINE HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR                 
ELLERINE HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/013402/06)                                            
Share code:  ELH      ISIN:  ZAE000022752                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with rule 3.63 of the JSE Listings Requirements, the following    
information is disclosed:                                                       
Director:                     P J C Squires                                     
Company:                      Ellerine Holdings Limited                         
Date of transaction:          31 October 2003                                   
Number of shares sold:        37 500                                            
Price sold at:                R27.20 per share                                  
Value of transaction:         R1 020 000                                        
Extent of interest:           Direct beneficial                                 
Share class:                  Ordinary shares                                   
Nature of transaction:        Sale on the open market                           
Director:                     P J C Squires                                     
Company:                      Ellerine Holdings Limited                         
Date of transaction:          31 October 2003                                   
Number of shares purchased:   32 500                                            
Price purchased at:           R17.40 per share                                  
Value of transaction:         R565 599                                          
Extent of interest:           Direct beneficial                                 
Share class:                  Ordinary shares                                   
Nature of transaction:        Purchase from the Ellerine Employees Share Trust  
                              in terms of the deferred delivery share scheme    
Johannesburg                                                                    
3 November 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 03/11/2003 01:39:13 PM Supplied by www.sharenet.co.za                     
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