Director Shareholding

RNS Number:4467Q
Liberty Group Ld
02 October 2003

Liberty Group Limited

   (Registration number 1957/002788/06)

   (Incorporated in the Republic of South Africa)

    Registration number 1957/002788/06

    Share Code: LGL

    ISIN Code: ZAE000024543



DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES

   In compliance with paragraph 3.63 of the Listings Requirements of the

   JSE Securities Exchange South Africa, the following information is

   disclosed:



Name of director:                               H I Appelbaum



Name of company:                                Liberty Group Limited



Date:                                           30 September 2003



Strike price of options:                        R37,00 per share



Number of options implemented:                  17 079



Total value of securities at strike price:      R631 923,00



Class of securities:                            Ordinary shares



Periods of exercise and/or vesting:    Options granted: 28 September 1999

                                       Options exercised: 30 September 2003



Nature of transaction:                          Exercise of share options



Nature and extent of director's interest:       Direct Beneficial



Johannesburg

2 October 2003



Sponsor

Merrill Lynch South Africa (Pty) Limited


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