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Thu 11 Jun 2015, 8:00 LIBERTY HOLDINGS LIMITED - Change in Role of a Board Member
LBH 201506110002A
Change in Role of a Board Member

LIBERTY HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1968/002095/06
Alpha Code LBH
ISIN code: ZAE000127148
("Liberty Holdings")

CHANGE IN ROLE OF A BOARD MEMBER

In compliance with paragraph 3.59 of the JSE Listings Requirements,
shareholders of Liberty Holdings are advised that Deputy Chief
Executive Steven Braudo has accepted a broader executive position at
Standard Bank Group as Chief Executive, Wealth. He will be stepping
down as deputy chief executive of Liberty and taking up his post at
Standard Bank on 1 July 2015.    This appointment is still subject to
regulatory approval.     Steven will remain on the Liberty Holdings
Board of Directors as a non-executive director.

Given the depth of the Liberty management team, Steven’s existing
responsibilities will be reallocated appropriately. In Steven’s new
role he will contribute directly to the future success of the
bancassurance relationship.


11 June 2015
Sponsor:
Merrill Lynch South Africa (Pty) Limited

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