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ESR - Esor Limited - Directors dealing in securities

Release Date: 16/02/2007 14:03:00      Code(s): ESR
ESR - Esor Limited - Directors dealing in securities                            
Esor Limited                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/000732/06)                                            
(JSE code: ESR & ISIN: ZAE000078408)                                            
("Esor" or "the company")                                                       
DIRECTORS DEALING IN SECURITIES                                                 
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information relating to transactions on the open market of ordinary   
shares by a director of Esor is disclosed as follows:                           
Name of director:             G P Byrne                                         
Date of transaction:          15 February 2007                                  
Nature of transaction:        Collar                                            
Reference Price:              410 cents per share                               
Number of shares:             1 800 000                                         
Total amount:                 R7 380 000.00                                     
Class of security:            Ordinary Shares                                   
Nature of interest:           Indirect Beneficial                               
Clearance obtained:           Yes                                               
Details of collar:                                                              
Trade term:                   2 years                                           
Trade type:                   OTC                                               
Option style:                 European                                          
Under lying share:            Esor Limited (ESR)                                
Face value:                   R10 000 000                                       
Spot:                         Average price at which Standard Bank              
                             executes its delta hedge                           
Counterparty Buys:            90% of Spot put                                   
Counterparty Sells:           130.27% of Spot call                              
16 February 2007                                                                
Designated Adviser                                                              
Exchange Sponsors (Pty) Ltd                                                     
Date: 16/02/2007 14:03:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  

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