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Tue 7 Dec 2004, 11:25 Declaration Of Interest On Unsecured, Compulsorily
Excellerate - Declaration Of Interest On Unsecured, Compulsorily Convertible    
              Debentures                                                        
EXCELLERATE HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/009884/06)                                            
JSE code: EXLD    ISIN: ZAE000044145                                            
(`Excellerate`)                                                                 
DECLARATION OF INTEREST ON UNSECURED, COMPULSORILY CONVERTIBLE DEBENTURES       
Notice is hereby given that debenture interest for the period 20 July 2004 to 19
January 2005 of 3.06567 cents per unsecured, compulsorily convertible debenture 
(`the debentures`) will be paid to debenture holders recorded in the register of
Excellerate at the close of business on Friday, 14 January 2005 (`the record    
date`). Payment will be made on Thursday, 20 January 2005 (`the pay date`). The 
interest rate applicable is the six month JIBAR as quoted from time to time by  
Nedbank Limited, plus 2.75 percentage points.                                   
The last date to trade cum interest will be Friday, 7 January 2005 and trading  
will commence ex interest on Monday, 10 January 2005. Debenture certificates may
not be dematerialised or rematerialised between Monday, 10 January 2005 and     
Friday 14 January 2005, both days inclusive. In respect of dematerialised       
debenture holders, interest will be transferred to the Central Securities       
Depository Participant accounts/broker accounts on the pay date. Certificated   
debenture holders` interest cheques will be posted on or about the pay date.    
Sandton                                                                         
7 December 2004                                                                 
Registered Office                                                               
Pin Mill Farm                                                                   
164 Katherine Street                                                            
Sandown 2196                                                                    
(PO Box 785448, Sandton, 2146)                                                  
Transfer Secretaries                                                            
Computershare Investor Services 2004 (Pty) Limited                              
Ground Floor                                                                    
70 Marshall Street                                                              
Johannesburg 2001                                                               
(PO Box 61051, Marshalltown 2107)                                               
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 07/12/2004 10:56:09 AM                   
Produced by the JSE SENS Department
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