Liberty Acquisition Holdings Corp. Announces Exercise of Over-Allotment Option Bringing Gross Proceeds of IPO to $1.035 Billion

  
    
  
  
    
      Liberty Acquisition Holdings Corp. (the “Company”) 
      (AMEX:LIA.U) announced today that on December 11, 2007, the underwriters 
      for the Company’s initial public offering (the “IPO”) 
      exercised their over-allotment option in full to purchase an additional 
      13.5 million units at $10.00 per unit. Each unit consists of one share 
      of common stock and one half (½) of one 
      warrant. The IPO, including the exercise of the over-allotment option, 
      will have generated total gross proceeds of $1.035 billion to the 
      Company (excluding proceeds of $12.0 million from the sale of warrants 
      to the sponsors of the Company to be received upon the closing of the 
      IPO).
    
    
      The lead underwriter for this offering is Citi, with Lehman Brothers 
      Inc. acting as co-manager.
    
    
      The Company intends to use the net proceeds from this offering to 
      acquire one or more operating businesses through a merger, stock 
      exchange, asset acquisition, reorganization or similar business 
      combination as described in the prospectus.
    
    
      In addition, the Company announced today that commencing on December 19, 
      2007, the Company expects that the holders of the Company’s 
      units may elect to separately trade the common stock and warrants 
      included in the Company’s units. Those units 
      not separated will continue to trade on the American Stock Exchange 
      under the symbol LIA.U, and each of the common stock and warrants will 
      trade on the American Stock Exchange under the symbols LIA and LIA.WS, 
      respectively.
    
    
      This press release shall not constitute an offer to sell or the 
      solicitation of an offer to buy these securities, nor shall there be any 
      sale of these securities in any state or jurisdiction in which such 
      offer, solicitation, or sale would be unlawful prior to registration or 
      qualification under the securities laws of such state or jurisdiction. 
      This offering is being made only by means of a prospectus, copies of 
      which may be obtained by contacting Citi, Brooklyn Army Terminal, 140 
      58th Street, 8th Floor, Brooklyn, NY 11220 (tel: [phone]; fax: 
      718-765-6734).
    
    
      Forward-Looking Statements
    
    
      This press release may contain certain forward-looking statements 
      including statements with regard to the future performance of the 
      Company. Words such as “believes,” 
      “expects,” “projects,” 
      and “future” or 
      similar expressions are intended to identify forward-looking statements. 
      These forward-looking statements inherently involve certain risks and 
      uncertainties that are detailed in the Company’s 
      Prospectus and other filings with the Securities and Exchange 
      Commission. The Company undertakes no obligation to publicly update or 
      revise any forward-looking statements, whether as a result of new 
      information, future events or otherwise.