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EXL
 EXL                                                                             
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 29 November 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                                                                         
10 January 2006                                                                 
Investment Bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 10/01/2006 07:00:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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