STANBIC ADJOURNMENT OF GENERAL MEETING

STANDARD BANK INVESTMENT CORPORATION LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1969/017128/06)
("STANBIC")
ADJOURNMENT OF GENERAL MEETING

STANBIC SHAREHOLDERS ("SHAREHOLDERS") ARE ADVISED THAT, AT THE GENERAL MEETING
OF SHAREHOLDERS CONVENED FOR THURSDAY, 6 JULY 2000 TO CONSIDER AN ORDINARY
RESOLUTION TO APPROVE THE DISPOSAL BY STANBIC OF 26 658 023 ORDINARY SHARES OF
50 PENCE EACH IN LIBERTY INTERNATIONAL PLC ("LIBERTY INTERNATIONAL") TO THE
BRITISH LAND COMPANY PLC ("THE MEETING"), A PROPOSAL TO ADJOURN THE MEETING WAS
MADE BY A SHAREHOLDER PRESENT AT THE MEETING.

THE RATIONALE GIVEN FOR THE PROPOSAL WAS THAT AN ADJOURNMENT WOULD ALLOW
SHAREHOLDERS TO VOTE ON THE ORDINARY RESOLUTION REFERRED TO ABOVE, TAKING INTO
ACCOUNT THE OUTCOME OF THE EXTRAORDINARY GENERAL MEETING OF LIBERTY

INTERNATIONAL CONVENED TO BE HELD ON MONDAY, 24 JULY 2000 (THE "LIBERTY
INTERNATIONAL MEETING"), AND ANY OFFER THAT LIBERTY INTERNATIONAL MAY MAKE. THE
LIBERTY INTERNATIONAL MEETING HAS BEEN CONVENED FOR LIBERTY INTERNATIONAL
SHAREHOLDERS TO APPROVE, INTER ALIA, A SPECIAL RESOLUTION TO AUTHORISE LIBERTY
INTERNATIONAL TO REPURCHASE 26 658 023 LIBERTY INTERNATIONAL SHARES FROM
STANBIC AND 66 841 977 LIBERTY INTERNATIONAL SHARES FROM LIBERTY GROUP LIMITED.
THE MOTION TO ADJOURN THE MEETING WAS APPROVED BY THE REQUISITE MAJORITY OF
SHAREHOLDERS PRESENT OR REPRESENTED AT THE MEETING.  ACCORDINGLY, THE MEETING
HAS BEEN ADJOURNED TO 10:00 ON THURSDAY, 27 JULY 2000 IN THE HP DE VILLIERS
AUDITORIUM, STANDARD BANK CENTRE, 6 SIMMONDS STREET, JOHANNESBURG.

PROXIES DULY LODGED FOR THE MEETING WILL BE VALID AT THE ADJOURNED MEETING.
HOWEVER, SHAREHOLDERS MAY LODGE NEW OR REVISED PROXIES UP TO 10:00 ON

WEDNESDAY, 26 JULY 2000 WITH EITHER THE TRANSFER SECRETARIES OR THE GROUP
SECRETARY OF STANBIC.
JOHANNESBURG
6 JULY 2000
MERCHANT BANK IN THE UK
STANDARD BANK LONDON LIMITED
REGISTRATION NUMBER 2130447

REGULATED BY THE SECURITIES AND FUTURES AUTHORITY LTD
MEMBER OF THE LONDON STOCK EXCHANGE
MERCHANT BANK IN SOUTH AFRICA
SCMB
STANDARD CORPORATE AND MERCHANT BANK

(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED)
(REGISTRATION NUMBER 1962/000738/06)
ADVISERS TO STANBIC
JP MORGAN
UK SOLICITORS
HERBERT SMITH
ATTORNEYS IN SOUTH AFRICA
BOWMAN GILFILLAN INC.
(REGISTRATION NUMBER 1998/021409/21)
SPONSORING BROKERS
STANDARD EQUITIES (PROPRIETARY) LIMITED
(REGISTRATION NUMBER 1972/008305/07)
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
DEUTSCHE BANK SECURITIES (PTY) LTD
(REGISTRATION NUMBER 1973/006709/07)
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
SPONSORING BROKER TO STANBIC IN NAMIBIA
HSBC
PHILLIP JA VAN HEERDEN
MEMBER OF THE NAMIBIAN STOCK EXCHANGE
TRADING AS
HSBC SECURITIES (NAMIBIA) (PTY) LIMITED
REG. NO. 95/505