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Fri 1 Apr 2005, 8:11 Dealing in securities by directors of listed compa
Liberty Group Limited  - Dealing in securities by directors of listed companies 
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: ZAE000057360                                                         
Dealing in securities by directors of listed companies                          
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:                                        31 March 2005                      
Strike price and number of options:          3 750 @ R36,44 per share           
                                             6 664 @ R37,00 per share           
16 483 @ R48,50 per share          
Number of options exercised:                 26 897                             
Total value of securities at strike price:   R1 182 643,50                      
Class of securities:                         Ordinary shares                    
Periods of exercise and/or vesting:          Options granted:                   
                                             10 September 1998 @ R36,44         
                                             28 September 1999 @ R37,00         
                                             3 April 2001 @ R48,50              
Options exercised:                           31 March 2005                      
Nature of transaction:                       Exercise of share options          
Nature and extent of director`s interest:    Direct Beneficial                  
Johannesburg                                                                    
31 March 2005                                                                   
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited
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