EXL - Excellerate - Cautionary Announcement

EXL - Excellerate - Cautionary Announcement                                     
Excellerate Holdings Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/009884/06)                                            
JSE code: EXL     ISIN: ZAE000026092                                            
("Excellerate" or "the Company")                                                
CAUTIONARY ANNOUNCEMENT                                                         
Excellerate shareholders ("Shareholders") are advised that the board of         
directors of the Company is considering the implementation of a transaction     
which, if successfully concluded, may have a material effect on the price of the
Company`s securities.                                                           
Accordingly, Shareholders are advised to exercise caution when dealing in the   
Company`s securities until a full announcement or a withdrawal of cautionary    
announcement is published.                                                      
Sandton                                                                         
15 March 2012                                                                   
Sponsor                                                                         
One Capital                                                                     
Date: 15/03/2012 07:05:02 Supplied by www.sharenet.co.za                     
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