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LBH - Liberty Holdings Limited - Finalization of the acquisition by Liberty of a

Release Date: 20/04/2011 16:00
Code(s): LBH
Wrap Text

LBH - Liberty Holdings Limited - Finalization of the acquisition by Liberty of a controlling interest in CFC Insurance Holdings Limited ("CfCIH") LIBERTY HOLDINGS LIMITED (Registration number 1968/002095/06) Share code: LBH ISIN: ZAE000127148 ("Liberty" or the "Company") FINALIZATION OF THE ACQUISITION BY LIBERTY OF A CONTROLLING INTEREST IN CfC INSURANCE HOLDINGS LIMITED ("CfCIH") Shareholders are referred to the various SENS announcements, first published on 3 December 2009 and the last on 28 February 2011, in which shareholders were advised that Liberty would acquire control of CfCIH, a leading Kenyan wealth company that comprises life, general and health insurance businesses in Kenya and Tanzania (the "Transaction"). All of the outstanding conditions precedent have been fulfilled and the Transaction will now be implemented. Liberty will have acquired an effective 57% shareholding in CfCIH prior to the commencement of trading of CfCIH on the Nairobi Stock Exchange, which will take place on Thursday, 21 April 2011. By order of the Board Liberty Holdings Limited Braamfontein 20 April 2011 Sponsor Merrill Lynch South Africa (Pty) Ltd Independent expert Fidelis Partners Legal advisors in South Africa Werksmans Legal advisors in Kenya Coulson Harney Date: 20/04/2011 16:00:28 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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