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 CG Troskie

Name of company:                       Liberty Holdings Limited

1.    Date of Transaction:             2016-03-18

Nature of Transaction:                 Exercise of 25 000 Participation Rights awarded
                                       in the Liberty Holdings Limited Equity Growth
                                       Scheme on 2011-02-24, which after subtracting
                                       employees’ tax resulted in a delivery of 8 406
                                       Liberty Holdings ordinary shares:

                                       Award Price = R74.70
                                       Exercise Price = R137.00
                                       Gain = R62.30 per right.

Value of transaction:                  R1 557 500 (25 000 x R62.30)

Nature of Interest:                    Direct beneficial


2.    Date of Transaction:             2016-03-18

Nature of the Transaction:             Resulting from the transaction disclosed in
                                       paragraph 1 above, Mr. Troskie has taken delivery
                                       of the 8 406 ordinary shares at a price of
                                       R137.00 per share.

Value of the Transaction:              R1 151 622

Nature of Interest:                    Direct Beneficial

The transactions were done off market and clearance was obtained in terms of the JSE
Listings Requirements.

23 March 2016

Sponsor:
Merrill Lynch South Africa (Pty) Ltd

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