LIBERTY GROUP LIMITED - Liberty-Acquisition by Liberty of the Shares of Standard Insurance Limited

Liberty-Acquisition by Liberty of the Shares of Standard Insurance Limited

LIBERTY GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1957/002788/06)
("Liberty") or ("the Company")


ACQUISITION BY LIBERTY OF THE SHARES OF STANDARD INSURANCE LIMITED

In accordance with paragraph 6.3(a), Liberty Noteholders are informed that regulatory approval has been
received for Liberty to acquire all the shares in Standard Insurance Limited, a wholly owned subsidiary of
Standard Bank Group.

The rationale for the transaction is to align with the overarching group strategy of maximising synergies
across the Standard Bank group of companies.

This transaction will not negatively impact the solvency position of Liberty and as a result Liberty's
regulatory capital adequacy ratio is expected to remain within the published target range.

This transaction will be finalised by the end of January 2024.


Johannesburg

30 January 2024

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 30-01-2024 08:08:00
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