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Fri 7 Nov 2003, 14:14 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:                     R A Rawlings                                      
  Company:                      Ellerine Holdings Limited                         
  Date of transaction:          6 November 2003                                   
  Number of shares sold:        9 987                                             
  Price sold at:                R27.90 per share                                  
  Value of transaction:         R278 637.30                                       
  Extent of interest:           Direct beneficial                                 
  Share class:                  Ordinary shares                                   
  Nature of transaction:        Sale on the open market                           
  Written permission to deal:   Yes                                               
  Johannesburg                                                                    
  7 November 2003                                                                 
  Sponsor                                                                         
  Nedbank Corporate                                                               
  Date: 07/11/2003 12:06:02 PM Produced by the JSE SENS Department                
                                                                                  
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