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Wed 4 Aug 2004, 12:32 Exchange Rate for 2004 Interim Dividend
Liberty International Plc -   Exchange Rate for 2004 Interim Dividend payable to
                              shareholders on the South African register        
LIBERTY INTERNATIONAL PLC                                                       
(Registration number UK3685527)                                                 
ISIN Code: GB0006834344                                                         
JSE Code: LBT                                                                   
Issuer Code: LILI                                                               
Exchange rate for 2004 interim dividend payable to shareholders on the South    
African register                                                                
Liberty International PLC confirms that the South African Rand exchange rate for
the 2004 interim dividend of 12.40 pence per ordinary share to be paid on 7     
September 2004, to shareholders registered on 20 August 2004, will be 11.38 ZAR 
to 1 GBP.                                                                       
On this basis shareholders, who hold their shares via the South African         
register, will receive a dividend of 141.112 ZA cents per ordinary share.       
London                                                                          
4 August 2004                                                                   
Sponsor in South Africa                                                         
Merrill Lynch South Africa (Pty) Limited
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