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Fri 24 Dec 2004, 10:39 DEALING IN SECURITIES BY DIRECTORS
ELLERINE HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS                  
ELLERINE HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/013402/06)                                            
Share code:  ELH      ISIN:  ZAE000022752                                       
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements,          
the following information is disclosed:                                         
Non-executive Director:                 P E I Swartz                            
Company:                                Ellerine Holdings Limited               
Date of transaction:                    23 December 2004                        
Number of shares:                       20 000                                  
Price sold at:                          R54.31 per share                        
Value of transaction:                   R1 086 200                              
Extent of interest:                     Direct beneficial                       
Share class:                            Ordinary shares                         
Nature of transaction:                  Sale of shares on the open market       
Written clearance to deal obtained:     Yes                                     
Johannesburg                                                                    
24 December 2004                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 24/12/2004 10:16:45 AM                   
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