Libhold - RETIREMENT OF DIRECTOR
Liberty Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/002095/06)
Share code: LBH
ISIN: ZAE000004032
("Libhold")
Liberty Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1957/002788/06)
Share code: LGL
ISIN: ZAE000024543
("Liberty Group")
(Collectively "Liberty")
RETIREMENT OF DIRECTOR
Roy Andersen has informed the boards of Liberty that he wishes to proceed on
early retirement.
The boards respect Roy"s decision and have regretfully acceded to his request.
In doing so they acknowledge and thank him for the considerable contribution
that he has made to Liberty.
Consequently Roy will be stepping down as Deputy Chairman and Chief Executive of
Liberty and as a director of Liberty Group and Libhold on 31 May 2003. He will
also be resigning as a director of Standard Bank Group Limited ("Standard Bank")
and The Standard Bank of South Africa Limited on the same date.
The boards of Libhold and Liberty Group are pleased to announce the appointment
of Myles Ruck, currently Deputy Chief Executive of Standard Bank, as Roy"s
successor. He will be joining both the Libhold and Liberty Group boards with
immediate effect.
D E Cooper
Chairman
Johannesburg
11 March 2003
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