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 Date: 31/03/2015 03:56:00 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.