LIBERTY HOLDINGS LIMITED - Dealings in Securities by a Director

Dealings in Securities by a Director

Liberty Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1968/002095/06
JSE Share code: LBH
ISIN: ZAE000127148
(“Liberty Holdings” or “the Company”)

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements,
the following information is disclosed:


Director:                     Mr CG Troskie

Name of company:              Liberty Holdings Limited

1.   Date of Transaction:     2016-03-18

Nature of Transaction:        Exercise of 25 000 Participation Rights
                              awarded in the Liberty Holdings Limited
                              Equity Growth Scheme on 2011-02-24,
                              which after subtracting employees’ tax
                              resulted in a delivery of 6 813 Liberty
                              Holdings ordinary shares:

                              Award Price = R74.70
                              Exercise Price = R125.00
                              Gain = R50.30 per right.

Value of transaction:         R1 257 500 (25 000 x R50.30)

Nature of Interest:           Direct beneficial


2.   Date of Transaction:     2016-03-18

Nature of the Transaction:    Resulting from the transaction disclosed
                              in paragraph 1 above, Mr. Troskie has
                              taken delivery of the 6 813 ordinary
                              shares at a price of R125.00 per share.

Value of the Transaction:     R851 625

Nature of Interest:           Direct Beneficial

Both transactions were done off market and clearance was obtained in
terms of the JSE Listings Requirements.

22 March 2016

Sponsor:
Merrill Lynch South Africa (Pty) Ltd

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