ELI - Ellies Holdings Limited - Ellies power save project

ELI - Ellies Holdings Limited - Ellies power save project                       
Ellies Holdings Limited                                                         
Registration number 2007/007084/06                                              
Share code: ELI                                                                 
ISIN: ZAE000103081                                                              
("Ellies")                                                                      
ELLIES POWER SAVE PROJECT                                                       
Ellies, a leading South African manufacturer, wholesaler, importer and          
distributor in diversified sectors, including consumer goods, renewable and     
energy savings and infrastructural power and telecommunications, servicing the  
local and African market, is pleased to report the completion of their first    
Eskom contract to remove 45 Megawatts ("MW") from the national grid.            
Background                                                                      
Project Power Save is a joint initiative, between Ellies Renewable Energy (a    
division of Ellies (Proprietary) Limited) and Eskom, which by utilising         
Ellies` existing installation logistics capacity intends to reduce the amount   
of electricity consumed across the nation by installing geyser timers and       
replacing incandescent and halogen light bulbs and showerheads, at no cost to   
the homeowner, with CFL`s, LED`s and energy efficient showerheads.              
Implementation                                                                  
Implementation of the first phase began on 6 February 2012 and was to be        
completed by 31 March 2012. Ellies is happy to announce that the project was    
completed four days ahead of schedule, on 27 March 2012, with just over         
270,000 homes visited. Ellies Renewable Energy is not only saving electricity   
through efficient consumption but is also empowering members of the community   
by training and employing them as installers, to assist with Project Power      
Save. To date almost 2,900 individuals were trained and employed.               
New phase                                                                       
Ellies started a new extension of phase one of this project on 1 April 2012,    
which will end on 30 June 2012. The extension aims to further reduce energy     
consumption by an additional 30MW. This extension of the project aims to visit  
roughly 140,000 additional homes and employ a further 500 installers.           
Future developments                                                             
Ellies Renewable Energy is committed to this project and initiative and will    
keep investors updated on a regular basis as to any new projects awarded and    
the progress of ongoing projects.                                               
4 April                                                                         
Sponsor                                                                         
Java Capital                                                                    
Date: 04/04/2012 11:41:31 Supplied by www.sharenet.co.za                     
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