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Mon 8 May 2006, 10:47 Enterprise Risk Management Limited - Dealings In S
ERM
 ERM                                                                             
Enterprise Risk Management Limited - Dealings In Securities By Directors        
Enterprise Risk Management Limited                                              
Incorporated in the Republic of South Africa                                    
(Registration number: 1995/001603/06)                                           
Share code: ERM & ISIN: ZAE000037701                                            
("ERM")                                                                         
DEALINGS IN SECURITIES BY DIRECTORS                                             
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings     
Requirements of JSE Limited, the following is disclosed:                        
Name of director:                  HP Joffe                                     
Date of transaction:               8 May 2006                                   
Number of shares:                  500 000 / 500 000 / 500 000                  
Price:                             R0,92 per share / R0,95 per share / R1,00 per
                                   share                                        
Total value:                       R1 435 000                                   
Class of securities:               Ordinary shares                              
Nature of transaction:             Purchase (Exercise of share options)         
Extent of director"s interest:     Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Name of director:                  BHL Macdonald                                
Date of transaction:               8 May 2006                                   
Number of shares:                  100 000 / 100 000 / 100 000                  
Price:                             R0,92 per share / R0,95 per share / R1,00 per
share                                        
Total value:                       R287 000                                     
Class of securities:               Ordinary shares                              
Nature of transaction:             Purchase (Exercise of share options)         
Extent of director"s interest:     Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
8 May 2006                                                                      
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 08/05/2006 10:47:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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