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 JB Hemphill

Name of company:              Liberty Holdings Limited

1.   Date of Transaction:     2015-03-27

Nature of Transaction:        Exercise of 60 000 Participation Rights
                              awarded in the Liberty Holdings Limited
                              Equity Growth Scheme on 2010-02-23,
                              which resulted in delivery of 22 121
                              Liberty Holdings ordinary shares:

                              Award Price = R69.00
                              Exercise Price = R160.00
                              Gain = R91.00 per right. After
                              subtracting employees tax, this
                              resulted in delivery of 22 121 shares

Value of transaction:         R5 460 000.00 (60 000 x R91.00)


Nature of Interest:           Direct beneficial


2.   Date of Transaction:     2015-03-27

Nature of Transaction:        Resulting from the transaction
                              disclosed in paragraph 1 above, Mr.
                              Hemphill has taken delivery of the
                              22 121 ordinary Shares at a price of
                              R160.00 per share.

Value of Transaction:         R3 593 360.00

Nature of Interest:           Direct beneficial
3.   Date of Transaction:   2015-03-27


Nature of Transaction:      Exercise of 20 000 Participation Rights
                            awarded in the Liberty Holdings Limited
                            Equity Growth Scheme on 2011-02-24,
                            which resulted in delivery of 6 954
                            Liberty Holdings ordinary shares:

                            Award Price = R74.70
                            Exercise Price = R160.00
                            Gain = R85.30 per right. After
                            subtracting employees tax, this
                            resulted in delivery of 6 954 shares

Value of transaction:       R1 706 000.00 (20 000 x R85.30)

Nature of Interest:         Direct beneficial


4.   Date of Transaction:   2015-03-27

Nature of Transaction:      Resulting from the transaction
                            disclosed in paragraph 3 above, Mr.
                            Hemphill has taken delivery of the
                            6 954 ordinary Shares at a price of
                            R160.00 per share.

Value of Transaction:       R1 112 640.00

Nature of Interest:         Direct beneficial


5.   Date of Transaction:   2015-03-27

Nature of Transaction:      Automatic delivery and disposal of
                            15 960 Liberty Holdings Limited
                            ordinary shares to settle employees’
                            tax on vesting of rights granted in
                            terms of the Liberty Holdings Limited
                            Equity Growth Scheme at a price of
                            R158.00 per share.

Value of Transaction:       R2 521 680.00

Nature of Interest:         Direct beneficial
The above transactions were done on market and clearance to deal was
provided.


Sponsor:
Merrill Lynch South Africa (Pty) Ltd
31 March 2015

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