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Fri 14 Jul 2006, 15:33 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:            13 July 2006                                    
Number of shares:               165 000      ; 123 480      ; 16 186 810        
Price (cents per share):        159,99       ; 154,40       ; 190,00            
Total value (Rands):            263 983,50   ; 190 653,12   ; 30 754 939,00     
Class of securities:            Ordinary shares                                 
Nature of transaction:          Shares purchased                                
Extent of director"s interest:  Indirect beneficial                             
Clearance to deal obtained:     Yes                                             
Mr. Stein is the newly appointed Chief Executive Officer of Enterprise Risk     
Management Limited with effect 18 May 2006.                                     
Johannesburg                                                                    
14 July 2006                                                                    
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 14/07/2006 03:33:04 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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