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Tue 17 Dec 2002, 9:18 Liberty International Plc - Substantial Acquisitio
Liberty International Plc - Substantial Acquisition of Rights                   
LIBERTY INTERNATIONAL PLC                                                       
(Registration number UK3685527)                                                 
ISIN Code:     GB0006834344                                                     
JSE Code:      LBT                                                              
Issuer Code:   LILI I                                                           
Date of disclosure    16/12/02                                                  
DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF      
SHARES ("SARs")                                                                 
Date of acquisition   16/12/02                                                  
Acquisition in         Great Portland Estates P.L.C.                            
(1)  Class of voting Number of            If rights over shares                 
shares(eg ordinary   shares/rights over   acquired, as opposed to               
shares)              shares acquired      the shares themselves,                
                                          specify nature of rights              
Ordinary Shares      11,217,700 shares                                          
(2)  Resultant total     Resultant total         Total percentage               
holding of voting shares holding of rights over                                 
(and % of total voting   shares (and % of total                                 
shares in issue)         voting shares in                                       
                         issue)                                                 
 39,456,947 ( 19.43%)    N/A  (   %)             39,456,947( 19.43%)            
(3) Party making                         Liberty                                
disclosure                               International PLC                      
(4)  (a)  Name of person acquiring        Liberty                               
shares or rights over shares              International PLC                     
and, if different, beneficial owner       (registered holder                    
HSBC Global                           
                                          Custody Nominees                      
                                          UK Limited)                           
     (b)   Names of any other persons                                           
acting by agreement or understanding      N/A                                   
(see SAR 5)                                                                     
Signed, for and on behalf of the party    Kerin Williams                        
named in (3) above                        Deputy Company                        
(Also print name of signatory)            Secretary                             
                                          Liberty                               
                                          International PLC                     
Telephone and extension number            020 7887 7108                         
Note.     Under SAR 5, the holdings of and acquisitions by persons acting by    
agreement or understanding must be aggregated and treated as a holding of or    
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate  
holdings to disclose certain disposals.                                         
For full details of the SARs disclosure requirements, see Rules 3 and 5 of the  
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring       
Section, Tel. No: 020 7638 0129.                                                
Date: 17/12/2002 08:44:00 AM Produced by the JSE SENS Department                


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