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Wed 12 Nov 2003, 13:40 DEALING IN SECURITIES BY A DIRECTOR
ELLERINE HOLDINGS LIMITED -                  
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:                     A R van den Borne                                 
Company:                      Ellerine Holdings Limited                         
Date of transaction:          11 November 2003                                  
Number of shares sold:        20 000                                            
Price sold at:                R28.70 per share                                  
Value of transaction:         R574 000                                          
Extent of interest:           Direct beneficial                                 
Share class:                  Ordinary shares                                   
Nature of transaction:        Sale on the open market                           
Written permission to deal:   Yes                                               
Johannesburg                                                                    
12 November 2003                                                                
Sponsor:                                                                        
Nedbank Corporate                                                               
Date: 12/11/2003 12:19:33 PM Supplied by www.sharenet.co.za                     
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