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Tue 11 Jan 2005, 15:01 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                                       
(`Ellerines`)                                                                   
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.74 of the JSE Securities Exchange South Africa   
Listings Requirements, the following information, relating to dealing in        
securities by directors is disclosed:                                           
Executive director                 :    J Dritz                                 
Company                            :    Ellerine Holdings Limited               
Date of transaction                :    10 January 2005                         
Number of shares sold              :    10 000                                  
Price sold at                      :    R54,00 per share                        
Value of transaction               :    R540 000                                
Extent of interest                 :    Direct beneficial                       
Share class                        :    Ordinary shares                         
Nature of transaction              :    Shares sold on the open market          
Written clearance to                                                            
deal obtained                      :    Yes                                     
Johannesburg                                                                    
11 January 2005                                                                 
Sponsor                                                                         
Nedbank Capital
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