Dealings in Securities on behalf of an Employee Restricted Share Plan 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 ON BEHALF OF AN EMPLOYEE RESTRICTED SHARE PLAN In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed: Name of the Plan: Liberty Holdings Group Restricted Share Plan which embodies the Deferred Plan and the Long Term Incentive Plan (collectively, the “Share Plan”) Name of company: Liberty Holdings Nature of transaction: Purchase of Liberty Holdings ordinary shares to be used for future settlement of rights issued under the Plan Date of Transaction: 20 March 2020 Number of shares: 714,042 Price per share: R83.00 Value of this transaction: R59,265,486 Nature of trade: On market Date of Transaction: 24 March 2020 Number of shares: 380,667 Price per share: R63.40 Value of this transaction: R24,134,287.80 Nature of trade: On market The shares will be retained until required for settling the Share Plan obligations. The transaction value disclosed is after brokerage and securities fees. Approval to deal was obtained. Braamfontein 25 March 2020 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 25-03-2020 04:45:00 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.