LIBERTY HOLDINGS LIMITED - Appointment of new Chief Executive Officer

Appointment of new Chief Executive Officer

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")

Appointment of new Chief Executive Officer

In compliance with rule 3.59 of the JSE Listings Requirements, the board of Liberty Holdings announces
that David Munro, the current Chief Executive of Standard Bank Group’s Corporate & Investment
Banking (CIB) division and a current Non-executive Director of Liberty Holdings, will assume the role of
Chief Executive Officer of Liberty Holdings, effective immediately.

This follows the resignation of Mr Thabo Dloti from the Board with immediate effect. Thabo is leaving
Liberty following a difference of opinion with the Board on the immediate focus of the company at a time
when the organisation is facing tough operational and environmental challenges.

Thabo believes that given this environment, alignment amongst key stakeholders is imperative to
ensure the effective execution of the strategy required to drive the company forward. This alignment
coupled with the ability to act decisively is in the best interests of the company and hence Thabo is
stepping aside.

Braamfontein
30 May 2017

Shareholder enquiries: Investor Relations
Sharon Steyn
Sharon.steyn@liberty.co.za
011 408 3063

Media enquiries: Group Communications
Sydney Mbhele
Sydney.mbhele@liberty.co.za
011 408 1979

Sponsor:
Merrill Lynch South Africa (Pty) Limited
SENS News

Date: 30/05/2017 07:05:00 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.