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Wed 17 Mar 2004, 15:59 Trading Statement And Cautionary Announcement
Ellerine Holdings Limited - Trading Statement And Cautionary Announcement       
  Ellerine Holdings Limited                                                       
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1968/013402/06)                                            
  Share code:  ELH      ISIN:  ZAE000022752                                       
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  1.   TRADING UPDATE                                                             
  In terms of the Listings Requirements of the JSE Securities Exchange South      
  Africa, companies are required to publish a trading statement as soon as they   
  become aware that the financial results for the period to be reported on next   
  will be substantially different from that of the previous corresponding period. 
  It is expected that headline earnings per share will show an increase in excess 
  of 30% for the six months interim period to 29 February 2004, which includes the
  effects of the Wetherlys acquisition from 28 October 2003.                      
  2.   CAUTIONARY ANNOUNCEMENT                                                    
  As the above information has not been reviewed or reported on by the company"s  
  auditors, shareholders are advised to exercise caution when dealing in the      
  company"s shares until publication of the financial results for the six months  
  interim period to 29 February 2004, which is expected to be mid May 2004.       
  Bedfordview                                                                     
  17 March 2004                                                                   
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 17/03/2004 03:28:17 PM Produced by the JSE SENS Department
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