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Thu 22 Jan 2004, 10:30 DEALING IN SECURITIES BY DIRECTORS
ELLERINE HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS                  
ELLERINE HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/013402/06)                                            
Share code:  ELH      ISIN:  ZAE000022752                                       
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with rule 3.63 of the JSE Listings Requirements, the following    
information is disclosed:                                                       
Director:                     J Dritz                                           
Company:                      Ellerine Holdings Limited                         
Date of transaction:          21 January 2004                                   
Number of shares sold:        10 000                                            
Price sold at:                R30.25 per share                                  
Value of transaction:         R302 500                                          
Extent of interest:           Direct beneficial                                 
Share class:                  Ordinary shares                                   
Nature of transaction:        Sale on the open market                           
Written permission to deal:   Yes                                               
Director:                     H L Mmatli                                        
Company:                      Ellerine Holdings Limited                         
Date of transaction:          21 January 2004                                   
Number of shares sold:        4 500                                             
Price sold at:                R30.50 per share                                  
Value of transaction:         R137 250                                          
Extent of interest:           Direct beneficial                                 
Share class:                  Ordinary shares                                   
Nature of transaction:        Sale on the open market                           
Written permission to deal:   Yes                                               
Johannesburg                                                                    
22 January 2004                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 22/01/2004 10:28:02 AM Supplied by www.sharenet.co.za                     
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