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Mon 10 Sep 2007, 15:02 DEUT - Deutsche Bank AG - Liberty Group Ltd Warran
JSE   LGLDBALGLDBP
 DEUT                                                                            
DEUT - Deutsche Bank AG - Liberty Group Ltd Warrant Notice                      
Deutsche Bank AG                                                                
Liberty Group Ltd Warrant Notice                                                
Holders of the Warrants below are referred to the notice to shareholders of     
Liberty Group Ltd, regarding the Liberty Group Ltd capital reduction.           
Due to the capital reduction on LGL (ex capital reduction date: 10/09/2007), the
following changes to the strike and cover ratio for the below LGL warrants will 
take place on Monday morning, 10 September 2007:                                
Deutsche Bank AG will make the following adjustments to the terms and conditions
of the Warrant below:                                                           
Previous Parameters                                                             
Code     ISIN Code      Type  Expiry        Previous        Previous Cover      
                                           Strike/         Ratio                
                                           Barrier Price                        
LGLDBA   DE000DB9DGK4   AC    13-Mar-2008   95.00           15.00               
LGLDBP   DE000DB9DGL2   EP    13-Mar-2008   80.00           15.00               
Adjusted Parameters                                                             
Code     ISIN Code      Type  Expiry        Adjusted        Adjusted Cover      
                                           Strike/Barrier  Ratio                
Price                                
LGLDBA   DE000DB9DGK4   AC    13-Mar-2008   93.4544         14.7560             
LGLDBP   DE000DB9DGL2   EP    13-Mar-2008   78.6985         14.7560             
The above adjustments will be made from the start of trading on 10 September    
2007.                                                                           
The effects of the adjustments will place the holders in the same position, had 
the corporate action not taken place.                                           
For further information contact Deutsche Securities (Pty) Limited, 3 Exchange   
Square, 87 Maude Street, Sandton: (Tel (011) 775-7994 or e-mail x-              
markets@db.co.za)                                                               
Date: 10/09/2007 15:02:01 Produced by the JSE SENS Department.                  
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