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Thu 29 Jan 2004, 14:57 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:                                                       
Non-executive director:                 D S McGlashan                           
Company:                                Ellerine Holdings Limited               
Date of transaction:                    28 January 2004                         
Number of shares sold:                  30 000                                  
Price sold at:                          R31.3971 per share                      
Value of transaction:                   R941 913                                
Extent of interest:                     Direct beneficial                       
Share class:                            Ordinary shares                         
Nature of transaction:                  Sale on the open market                 
Written permission to deal:             Yes                                     
Johannesburg                                                                    
29 January 2004                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 29/01/2004 02:48:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                
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