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Wed 10 May 2006, 15:42 Liberty Life - Increase in issued share capital
LGL
 LIBU                                                                            
Liberty Life - Increase in issued share capital                                 
LIBERTY GROUP LIMITED                                                           
Incorporated in the Republic of South Africa                                    
Registration number 1957/002788/06                                              
("Liberty Life")                                                                
Alpha Code LGL                                                                  
Issuer Code LIBU                                                                
ISIN Code ZAE000057360                                                          
Notification is hereby given that Liberty Group Limited has issued 130 985 new  
ordinary shares of 10 cents each pursuant to the implementation of share options
during the period 3 to 28 April 2006 in terms of the Liberty Group Limited Share
Incentive Schemes.                                                              
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 11 May 2006.                                                               
The shares rank pari passu with the existing issued ordinary shares of Liberty  
Group Limited.  The issued ordinary share capital of Liberty Group Limited after
the issue of the 130 985 new shares is 278 527 654 shares of 10 cents each.     
Johannesburg                                                                    
10 May 2006                                                                     
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Ltd                                            
Date: 10/05/2006 03:42:07 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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