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Wed 26 Jan 2005, 8:22 TRADING STATEMENT
EXCELLERATE HOLDINGS LIMITED - TRADING STATEMENT                                
EXCELLERATE HOLDINGS LIMITED                                                    
(Registration number 1997/009884/06)                                            
Share code: EXL    ISIN: ZAE000026092                                           
Share code: EXLD   ISIN: ZAE000044145                                           
(`Excellerate`)                                                                 
TRADING STATEMENT                                                               
In terms of the JSE Securities Exchange South Africa Listings Requirements,     
companies are required to publish a trading statement as soon as they are       
reasonably certain that the financial results for the current reporting period  
will be more than 20% different than that of the previous corresponding period. 
In light of the above, Excellerate expects to announce net profit and headline  
earnings for the six months ended 31 December 2004 that will be 131% to 151%    
higher and 67% to 87% higher respectively than that of the prior comparative    
period.                                                                         
The above information has not been reviewed or reported on by the company`s     
auditors and the company`s results for the six months ended 31 December 2004 are
expected to be published in February 2005.                                      
Johannesburg                                                                    
25 January 2005                                                                 
Sponsor                                                                         
Nedbank Capital
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