EXL                                                                             
EXL - Excellerate Holdings Limited - Renewal of cautionary relating to a        
potential delisting of the company's shares from The JSE Limited                
EXCELLERATE HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa                                    
(Registration number: 1997/009884/06)                                           
Share code: EXL                                                                 
ISIN: ZAE000026092                                                              
("the company")                                                                 
RENEWAL OF CAUTIONARY RELATING TO A POTENTIAL DELISTING OF THE COMPANY'S SHARES 
FROM THE JSE LIMITED                                                            
Shareholders are referred to the renewal of cautionary announcement relating to 
a potential delisting ("the delisting") of the company's shares from the JSE    
Limited published on SENS on 26 April 2012.                                     
The company has further engaged with its larger shareholders and has to date    
received irrevocable undertakings from shareholders holding in excess of 71% of 
the company's shares (excluding treasury shares and shares held within the      
company's share incentive scheme) to support the delisting at a price of not    
less than R1.15 per share.                                                      
The circular detailing the terms of the offer and delisting is currently in the 
process of being approved by the various regulators and will be sent to all     
shareholders in due course.                                                     
Accordingly shareholders are advised to continue exercising caution when dealing
in their shares in the company.                                                 
Johannesburg                                                                    
11 June 2012                                                                    
Corporate advisor and lead transaction sponsor                                  
Java Capital                                                                    
Sponsor                                                                         
One Capital                                                                     
Date: 11/06/2012 16:56:01 Produced by the JSE SENS Department.                  
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