Liberty Acquisition Holdings Corp. Reports Composition of Trust Account Investment Portfolio

  
    
  
  
    
      Liberty Acquisition Holdings Corp. (AMEX:LIA) (the “Company”) 
      announced today that the underlying assets of its trust account consist 
      of shares of the JPMorgan U.S. Government Money Market Fund (the “JPMorgan 
      Fund”), the Goldman Sachs Financial Square 
      Federal Fund (the “Goldman Fund”) 
      and the Western Asset Institutional Government Money Market Fund (the “Western 
      Asset Fund”, and together with the 
      JPMorgan Fund and the Goldman Fund, the “Funds”). 
      The balance in the Company’s trust account as 
      of September 30, 2008 was $1,023,417,030.
    
    
      J.P. Morgan Investment Management Inc. serves as investment adviser to 
      the JPMorgan Fund, which under normal conditions, invests its assets 
      exclusively in debt securities issued or guaranteed by the U.S. 
      government, or by U.S. government agencies or instrumentalities and 
      repurchase agreements fully collateralized by U.S. Treasury and U.S. 
      government securities.
    
    
      Goldman Sachs Asset Management, L.P. serves as investment adviser to the 
      Goldman Fund which limits its investments only to certain U.S. Treasury 
      obligations and U.S. government securities.
    
    
      Western Asset Management Company, a wholly-owned subsidiary of Legg 
      Mason, Inc., serves as investment adviser to the Western Asset Fund 
      which invests exclusively in short term U.S. government obligations such 
      as short-term U.S. Treasury securities, short-term obligations of the 
      U.S. government, its agencies and instrumentalities and U.S. 
      Treasury-related repurchase agreements.
    
    
      The Company’s position in each of the Funds 
      accounts for no more than 6% of the total assets of any such Fund.
    
    
      The assets contained in each of the Funds are segregated from the assets 
      of its respective investment adviser. Such assets are not, and would not 
      be, available to general creditors of such institution in the event that 
      such institution were to file for, or become subject to, bankruptcy 
      protection. The Company and the Trustee of the trust account are closely 
      monitoring the Funds in this volatile market environment and expect to 
      take whatever actions are deemed appropriate with respect to protecting 
      and preserving the assets contained in the Company’s 
      trust account.
    
    
      About Liberty Acquisition Holdings Corp.
    
    
      Liberty Acquisition Holdings Corp. is a blank check company formed for 
      the purpose of effecting a business combination with one or more 
      operating businesses. The Company completed its initial public offering 
      of 1,035,000,000 units at $10.00 per unit in December, 2007. Each unit 
      was comprised of one share of common stock and one half (½) 
      of one warrant to purchase a share of our common stock.
    
    
      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 
      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.