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Tue 6 Apr 2004, 18:12 INCREASE IN ISSUED SHARE CAPITAL ARISING FROM
LIBERTY HOLDINGS LIMITED - INCREASE IN ISSUED SHARE CAPITAL ARISING FROM        
  IMPLEMENTATION OF SHARE OPTIONS IN TERMS OF THE LIBERTY HOLDINGS LIMITED        
  EXECUTIVE SHARE OPTION SCHEME                                                   
  Share Code: LBH                                                                 
  ISIN No. : ZAE000004032                                                         
  LIBERTY HOLDINGS LIMITED - INCREASE IN ISSUED SHARE CAPITAL ARISING FROM        
  IMPLEMENTATION OF SHARE OPTIONS IN TERMS OF THE LIBERTY HOLDINGS LIMITED        
  EXECUTIVE SHARE OPTION SCHEME                                                   
  Notification is hereby given that Holdings Limited has issued 41 733 new        
  ordinary shares of 25 cents each pursuant to the implementation of share options
  in terms of the Liberty Holdings Limited Executive Share Option Scheme.         
  Accordingly application has been made to the JSE for these shares to be admitted
  to the Official List and for these shares to be admitted to trading with effect 
  from 7 April 2004.                                                              
  The shares rank pari passu with the existing issued ordinary shares of Liberty  
  Holdings Limited.  The issued ordinary share capital of Liberty Holdings Limited
  after the above issue is 49 341 253 shares of 25 cents each.                    
  Johannesburg                                                                    
  7 April 2004                                                                    
  Sponsor                                                                         
  Merrill Lynch South Africa (Pty) Ltd                                            
  Date: 06/04/2004 05:57:41 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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