ELR - ELB Group Limited - Exercise of Options by a Director of a Major

ELR - ELB Group Limited - Exercise of Options by a Director of a Major          
Subsidiary                                                                      
ELB GROUP LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1930/002553/06)                                           
ISIN: ZAE000035101                                                              
Share Code: ELR                                                                 
EXERCISE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY                         
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                      :    Antonio Manuel Maia Pinto                    
Company                       :    ELB Engineering Services Pty Limited (a major
                                  subsidiary of ELB Group Limited)              
Date of transaction           :    23 May 2012                                  
Nature of transaction         :    Exercise of options                          
Class of securities           :    Options in respect of ordinary shares        
Number of options exercised   :    21 000                                       
Option strike price           :    R12.50                                       
Vesting                       :    On exercise of the options                   
Total value of transaction    :    R262 500                                     
Nature of interest            :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Transaction completed         :    Off market                                   
Boksburg                                                                        
23 May 2012                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 23/05/2012 16:20:01 Supplied by www.sharenet.co.za                     
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