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Fri 30 Jan 2004, 15:20 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             :P E I Swartz                                
Company                            :Ellerine Holdings Limited                   
Date of transaction                :29 January 2004                             
Number of shares sold              :3 700                                       
Price sold at                      :R31.50 per share                            
Value of transaction               :R116 550                                    
Number of shares sold              :15 000                                      
Price sold at                      :R31.51 per share                            
Value of transaction               :R472 650                                    
Number of shares sold              :11 300                                      
Price sold at                      :R31.55 per share                            
Value of transaction               :R356 515                                    
Extent of interest                 :Direct beneficial                           
Share class                        :Ordinary shares                             
Nature of transaction              :Sale on the open market                     
Written permission to deal         :Yes                                         
Johannesburg                                                                    
30 January 2004                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 30/01/2004 03:16:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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