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Excellerate Holdings Limited - Renewal Of Cautionary Announcement               
Excellerate Holdings Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/009884/06)                                            
Share code: EXL & ISIN: ZAE000026092                                            
("Excellerate" or "the Company")                                                
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Shareholders are referred to the cautionary announcement that was released on   
SENS on 18 October 2005 and are advised that negotiations are still in progress,
which, if successfully concluded, may have a material effect on the price of the
Company"s shares. Accordingly, shareholders are advised to continue exercising  
caution when dealing in the Company"s shares until a further announcement is    
made.                                                                           
Sandton                                                                         
29 November 2005                                                                
Investment Bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 29/11/2005 08:00:19 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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