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Wed 17 Dec 2003, 16:42 DECLARATION OF INTEREST ON UNSECURED, COMPULSORILY
EXCELLERATE -  DECLARATION OF INTEREST ON UNSECURED, COMPULSORILY CONVERTIBLE   
               DEBENTURES                                                       
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 July 2003 to 19
January 2004 of 3.68008 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, 16 January 2004 ("the record    
date"). Payment will be made on Tuesday, 20 January 2004 (`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, 9 January 2004 and trading  
will commence ex interest on Monday, 12 January 2004. Debenture certificates may
not be dematerialised or rematerialised between Monday, 12 January 2004 and     
Friday 16 January, 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                                                                    
17 December 2003                                                                
Sponsor                Registered Office          Transfer Secretaries          
Nedbank Corporate      Block F                    Computershare Limited         
                       Lower Ground Floor                                       
Pin Mill Farm              Ground Floor                  
                       164 Katherine Street       70 Marshall Street            
                       Sandown 2196               Johannesburg, 2001            
                       (PO Box 785448, Sandton,   (PO Box 1053,                 
2146)                      Johannesburg, 2000)           
Date: 17/12/2003 04:32:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                
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