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Tue 25 Jan 2005, 17:53 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` or `the company`)                                                  
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the JSE Securities Exchange South Africa   
Listings Requirements, the following information relating to dealing in         
securities by directors is disclosed:                                           
Executive director:           B D van der Merwe                                 
Company:                      Ellerines                                         
Date of transaction:          21 January 2005                                   
Number of shares:             109 000                                           
Nature of transaction:        Zero cost collar to expire on 22 January 2007     
Put strike:                   R46,80 per share                                  
Call strike:                  R70,21 per share                                  
Extent of interest:           Indirect beneficial                               
Share class:                  Ordinary shares in Ellerines                      
Written clearance to                                                            
deal obtained:                Yes                                               
Johannesburg                                                                    
25 January 2005                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 25/01/2005 05:43:29 PM                   
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