2009 final dividend

On 9 March 2010 the Directors of Liberty International PLC announced a final dividend per ordinary share (ISIN GB0006834344) of 11.5 pence (2008 – nil) to bring the total dividend per ordinary share for the year to 16.5 pence (2008 – 16.5 pence).

This dividend will be partly paid as a Property Income Distribution (”PID”) with a gross value of 8.5 pence per share and partly paid as a non-PID with a value of 3.0 pence per share. The PID element will be subject to deduction of a 20% withholding tax unless exemptions apply (please refer to the Special note below). The non-PID element will be treated as an ordinary UK company dividend.

The following are the salient dates for the payment of the proposed final dividend:

• Thursday 6 May 2010 Sterling/Rand exchange rate struck
• Friday 7 May 2010 Sterling/Rand exchange rate and dividend amount in SA currency announced.
• Monday 17 May 2010 Ordinary shares listed ex-dividend on the JSE, Johannesburg
• Wednesday 19 May 2010 Ordinary shares listed ex-dividend on the London Stock Exchange
• Friday 21 May 2010 Record date for 2009 final dividend in London and Johannesburg
• Wednesday 9 June 2010 Dividend payment day for shareholders (Note: Payment to ADR holders will be made on 23 June 2010)

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be Friday 14 May 2010 and that no dematerialisation or rematerialisation of shares will be possible from Monday 17 May to Friday 21 May 2010 inclusive. No transfers between the UK and South African registers may take place from Thursday 6 May to Sunday 23 May 2010 inclusive.

PID SPECIAL NOTE:

The following applies to the PID element only of the 2009 Final Dividend:

UK shareholders: For those who are eligible for exemption from the 20% withholding tax and have not previously registered for exemption, additional information including an HM Revenue & Customs (”HMRC”) Tax Exemption Declaration is available for download from the Real Estates Investment Trust page. The form is also available on request from our UK registrars, Capita Registrars, or HMRC. Validly completed forms must be received by Capita Registrars no later than the Record Date, Friday 21 May 2010, otherwise the dividend will be paid after deduction of tax.

South African and other non-UK shareholders: South African shareholders may apply to HMRC after payment of a PID for a refund of the difference between the 20% withholding tax and the UK/South African double taxation treaty rate of 15%. Other non-UK shareholders may be able to make similar claims. Refund application forms for all non-UK shareholders are available for download from the Real Estates Investment Trust page, or on request from our SA registrars, Computershare, or HMRC. Refunds are not claimable from Liberty International, the South African Revenue Service or other national authorities, only from the UK’s HMRC.

For South African shareholders, a helpline for questions relating to the withholding tax is available until 31 July 2010 on 086 110 0915 (+27 11 373 0056 if calling from outside South Africa). Calls from within South Africa are toll-free.

The above does not constitute advice and shareholders should seek their own professional guidance. Liberty International does not accept liability for any loss suffered arising from reliance on the above.

Dividend history

1. For ADR holders, payment will be Payment Date plus 10 days.
2. Gross amounts. Net PIDs per share (i.e. payments to shareholders net of withholding tax) were: