Liberty Group Limited - Liberty Ermitage and PrefSure Holdings
Liberty Group Limited ("Liberty Life")
(Registration number 1957/002788/06)
(Incorporated in the Republic of South Africa)
Share Code: LGL
ISIN Code: ZAE000057360
Liberty Ermitage and PrefSure Holdings
Shareholders are referred to the announcement released by PrefSure Life Limited,
Australia, which is included below.
"The parent company of PrefSure Life, South African life assurance company
Liberty Group, has on numerous occasions been approached by potential buyers of
its Australian life assurance subsidiary, PrefSure Life.
PrefSure was acquired as a result of Liberty"s recent acquisition of Capital
Alliance (PrefSure"s immediate parent). Liberty has indicated to the investment
community that it does not, at this stage, wish to pursue an offshore strategy,
but rather focus on its South African operations. Therefore, notwithstanding the
good performance of PrefSure, it is appropriate to consider the sale of PrefSure
and Deutsche Bank has been appointed to assist in this matter."
Shareholders are further advised that Liberty Life is currently reviewing offers
for the disposal of Liberty Ermitage"s hedge fund business.
Further announcements will be made as finality is reached on each of the above
matters.
Johannesburg
21 November 2005
Sponsor
Merrill Lynch
Date: 21/11/2005 08:48:09 AM Produced by the JSE SENS Department
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