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Fri 3 Nov 2006, 9:00 Liberty Group Limited - Increase in issued share c
LGL
 LIBU                                                                            
     Liberty Group Limited - 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                                                     
     Increase in issued share capital arising from implementation of share      
     options in terms of the Liberty Group Limited share option schemes         
     Notification is hereby given that Liberty Group Limited has issued 125 043 
new ordinary shares of 10 cents each pursuant to the implementation of     
     share options during the period 1 to 31 October 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 3 November 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 125 043 new shares is 279 130 488 shares of 
     10 cents each.                                                             
     Johannesburg                                                               
     3 November 2006                                                            
Sponsor                                                                    
     Merrill Lynch South Africa (Pty) Ltd                                       
Date: 03/11/2006 09:00:41 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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