Dealings in Securities by Directors 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 DIRECTORS In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed: Director: Mr S Braudo Name of company: Liberty Holdings Limited Date of Transaction: 2016-03-03 Nature of transaction: Automatic delivery and disposal of 12,669 Liberty Holdings ordinary shares to settle employees tax on vesting of shares granted in terms of the Liberty Holdings Restricted Share Scheme Number of shares: 12,669 Price per share: R129.00 Value of this transaction: R1,1634,301.00 Extent of interest: Direct beneficial Nature of trade: On market Director: Mr S Braudo Name of company: Liberty Holdings Limited Date of Transaction: 2016-03-03 Nature of transaction: Delivery of 18,719 Liberty Holdings ordinary shares on vesting of rights granted in terms of the Liberty Holdings Restricted Share Scheme Number of shares: 18,719 Effective Price: R126.83 Value of this transaction: R2,374,130.77 Extent of interest: Direct beneficial Nature of trade: Off market Director: Mr S Braudo Name of company: Liberty Holdings Limited Date of Transaction: 2016-03-03 Nature of transaction: Automatic delivery and disposal of 2,074 Liberty Holdings Limited ordinary shares to settle employees’ tax on the vesting of rights granted in terms of the Liberty Equity Growth Scheme Number of shares: 2,074 Effective Price: R129.00 Value of this transaction: R267,546.00 Extent of interest: Direct beneficial Nature of trade: On market Director: Mr C Troskie Name of company: Liberty Holdings Limited Date of Transaction: 2016-03-03 Nature of transaction: Automatic delivery and disposal of 617 Liberty Holdings Limited ordinary shares to settle employees’ tax on the vesting of rights granted in terms of the Liberty Equity Growth Scheme Number of shares: 617 Effective Price: R129.00 Value of this transaction: R79,593.00 Extent of interest: Direct beneficial Nature of trade: On market Values are before brokerage fees. The above transactions were done on market and clearance to deal was approved. 4 March 2016 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 04/03/2016 04:10:00 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.