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Trading Statement
LIBERTY HOLDINGS LIMITED
Registration number 1968/002095/06
Incorporated in the Republic of South Africa
Share code LBH
ISIN code ZAE000127148
("Liberty Holdings" or the "Company")
TRADING STATEMENT IN TERMS OF PARAGRAPH 3.4 (b) OF THE JSE LISTINGS REQUIREMENTS
The following statement is made with reference to the requirements of section 3.4 of the JSE Listings
Requirements.
The Directors are satisfied that a reasonable degree of certainty exists that Liberty Holdings'
headline earnings per share and basic earnings per share attributable to ordinary shareholders for
the six months ended 30 June 2012 will be between 570c and 650c (June 2011 440c). BEE
normalised headline earnings per share attributable to ordinary shareholders for the same period
will be between 535c and 610c (June 2011 412c). The main reason for the increase in earnings
compared to the prior period relates to the positive performance of the shareholders investment
portfolio.
BEE normalised headline earnings reflect the legal and economic substance of the company's Black
Ownership Initiative.
Liberty Holdings Limited's results for the six months ended 30 June 2012 will be published on 2
August 2012.
Audit Review
Shareholders are advised that the information, on which this trading statement is based, has neither
been audited nor reviewed by Liberty Holdings` auditors.
23 July 2012
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 23/07/2012 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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