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Fri 23 Jan 2004, 10:40 DIRECTOR DEALINGS IN SHARES
ELLERINE HOLDINGS LIMITED - DIRECTOR DEALINGS IN SHARES                         
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 to 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Non-executive director             :    T J Chalmers                            
Company                            :    Ellerine Holdings Limited               
Date of transaction                :    22 January 2004                         
Number of shares sold              :    27 500                                  
Price sold at                      :    R31.00 per share                        
Value of transaction               :    R852 500                                
Extent of interest                 :    Direct beneficial                       
Share class                        :    Ordinary shares                         
Nature of transaction              :    Sale on the open market                 
Written permission to deal         :    Yes                                     
Non-executive director             :    T J Chalmers                            
Company                            :    Ellerine Holdings Limited               
Date of transaction                :    22 January 2004                         
Number of shares sold              :    1 500                                   
Price sold at                      :    R31.50 per share                        
Value of transaction               :    R47 250                                 
Extent of interest                 :    Direct beneficial                       
Share class                        :    Ordinary shares                         
Nature of transaction              :    Sale on the open market                 
Written permission to deal         :    Yes                                     
Non-executive director             :    T J Chalmers                            
Company                            :    Ellerine Holdings Limited               
Date of transaction                :    22 January 2004                         
Number of shares sold              :    1 000                                   
Price sold at                      :    R32.00 per share                        
Value of transaction               :    R32 000                                 
Extent of interest                 :    Direct beneficial                       
Share class                        :    Ordinary shares                         
Nature of transaction              :    Sale on the open market                 
Written permission to deal         :    Yes                                     
Johannesburg                                                                    
23 January 2004                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 23/01/2004 10:33:02 AM Supplied by www.sharenet.co.za                     
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