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Wed 12 Jan 2005, 16:12 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                                       
(`Ellerines`)                                                                   
DEALING IN SECURITIES BY A DIRECTOR                                             
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           :    11 January 2005                              
Number of shares sold         :    4 756                                        
Price sold at                 :    R54,50 per share                             
Value of transaction          :    R259 202                                     
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                                                                    
12 January 2005                                                                 
Sponsor                                                                         
Nedbank Capital
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