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Thu 4 Dec 2003, 11:17 LIBERTY HOLDINGS LIMITED AND LIBERTY GROUP LIMITED
LIBERTY HOLDINGS LIMITED AND LIBERTY GROUP LIMITED - ANNOUNCEMENT PURSUANT TO   
SECTION 3.59 OF THE LISTINGS REQUIREMENTS - BOARD APPOINTMENT                   
LIBERTY HOLDINGS LIMITED                                                        
Registration number 1968/002095/06                                              
JSE Code: LBH                                                                   
Isin Code: ZAE000004032                                                         
LIBERTY GROUP LIMITED                                                           
Registration number 1957/002788/06                                              
JSE Code: LGL                                                                   
Isin Code: ZAE000024543                                                         
Issuer Code: LIBU                                                               
ANNOUNCEMENT PURSUANT TO SECTION 3.59 OF THE LISTINGS REQUIREMENTS - BOARD      
APPOINTMENT                                                                     
Liberty Holdings and Liberty Group are pleased to announce the appointment of   
Saki Macozoma to their Boards with effect from 3 December 2003.                 
Saki Macozoma is the Chairman of STANLIB, Chief Executive of New Africa         
Investments Limited (NAIL), Chairman of Andisa Capital, a director of Standard  
Bank of South Africa, the Standard Bank Group, Murray and Roberts and           
Volkswagen.  He is also deputy Chairman of Safika Holdings.                     
"We are delighted with the appointment of Saki Macozoma to the Boards of Liberty
and believe he will make a significant contribution to the leadership and       
direction of the Group," comments Derek Cooper, Chairman of Liberty.            
For further information please contact:                                         
Derek Cooper                                                                    
Chairman                                                                        
Liberty Group Limited                                                           
Telephone:(011) 636 4401                                                        
4 December 2003                                                                 
SPONSOR:                                                                        
Merrill Lynch South Africa (Proprietary) Limited
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