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Thu 31 Mar 2005, 14:09 TRADING STATEMENT
Ellerine Holdings Limited - Trading Statement                                   
ELLERINE HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/013402/06)                                            
Share code:  ELH      ISIN:  ZAE000022752                                       
(`Ellerines` or `the company`)                                                  
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, Ellerines expects to announce that for the six months    
ended 28 February 2005:                                                         
*  Headline earnings will be 25% to 30% higher, and                             
*  Headline earnings per share will be 20% to 25% higher, due to the higher     
number of shares in issue                                                    
than that for 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 28 February 2005 are
expected to be published on or about 13 April 2005.                             
Johannesburg                                                                    
31 March 2005                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 31/03/2005 02:05:37 PM                 
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