Dealings in Securities by Directors LIBERTY HOLDINGS LIMITED Registration number 1968/002095/06 Incorporated in the Republic of South Africa Share code: LBH ISIN code: ZAE0000127148 ("Liberty Holdings" or the “Company") DEALINGS IN SECURITIES BY DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : B S Tshabalala Company : Liberty Holdings Limited Date of transaction : 27 February 2015 Nature of transaction : On market disposal of securities to settle PAYE for shares issued in respect of the Kathelo Managers Trust Number of securities : 40,643 Class of securities : Ordinary shares Price : 142.01 per share Total value of transaction : R5,771,712.43* Nature of interest : Indirect beneficial Clearance obtained : Yes Director : S Sibisi Company : Liberty Holdings Limited Date of transaction : 27 February 2014 Nature of transaction : On market disposal of securities to settle PAYE for shares issued in respect of the Kathelo Managers Trust Number of securities : 40,241 Class of securities : Ordinary shares Price : R142.01 per share Total value of transaction : R5,714,624.41* Nature of interest : Indirect beneficial Clearance obtained : Yes Director : T Dloti Company : Liberty Holdings Limited Date of transaction : 27 February 2014 Nature of transaction : On market disposal of securities to settle PAYE for shares issued in respect of the Kathelo Managers Trust Number of securities : 83,378 Class of securities : Ordinary shares Price : R142.01 per share Total value of transaction : R11,840,509.78* Nature of interest : Indirect beneficial Clearance obtained : Yes *Before brokerage fees Johannesburg Sponsor: Merrill Lynch South Africa (Pty) Limited 2 March 2015 Date: 02/03/2015 02:55:00 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.