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Fri 26 May 2006, 16:15 Enterprise Risk Management Limited - Dealings in s
ERM
 ERM                                                                             
Enterprise Risk Management Limited - Dealings in securities by a director       
Enterprise Risk Management Limited                                              
Incorporated in the Republic of South Africa                                    
(Registration number: 1995/001603/06)                                           
Share code: ERM & ISIN: ZAE000037701                                            
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings     
Requirements of JSE Limited ("JSE"), the following is disclosed:                
Name of director:                  Mark Stein                                   
Company:                           Enterprise Risk Management Limited           
Date of transaction:               25 May 2006                                  
Number of shares:                  542 424                                      
Price:                             160 cents per share                          
Total value:                       R867 878                                     
Class of securities:               Ordinary shares                              
Nature of transaction:             Shares purchased                             
Extent of director"s interest:     Indirect beneficial                          
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
26 May 2006                                                                     
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 26/05/2006 04:15:10 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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