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Thu 2 Oct 2003, 10:50 DEALING IN SECURITIES
LIBERTY GROUP LIMITED -                           
Liberty Group Limited                                                           
(Registration number 1957/002788/06)                                            
(Incorporated in the Republic of South Africa)                                  
Registration number 1957/002788/06                                              
Share Code: LGL                                                                 
ISIN Code: ZAE000024543                                                         
Dealing in Securities                                                           
In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information is disclosed:       
Name of director:                  H I Appelbaum                                
Name of company:                   Liberty Group Limited                        
Date:                              30 September 2003                            
Strike price of options:           R37,00 per share                             
Number of options implemented:     17 079                                       
Total value of securities at                                                    
strike price:                      R631 923,00                                  
Class of securities:               Ordinary shares                              
Periods of exercise and/or                                                      
vesting:                           Options granted:     28 September 1999       
                                   Options exercised:   30 September 2003       
Nature of transaction:             Exercise of share options                    
Nature and extent of                                                            
director"s interest:               Direct Beneficial                            
Johannesburg                                                                    
2 October 2003                                                                  
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 02/10/2003 10:18:54 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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