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Liberty’s Prior History

2003

Liberty Life and Standard Bank sell 12,6% each of Stanlib to BEE consortium

Liberty Corporate Benefits purchases portions of Investec Employee Benefits

2002

Stanlib is established as a joint venture with Standard Bank

2001

Liberty Group, Simeka Investment Holdings and Genesis Capital announced an innovative, credible entry into the empowerment arena with the formation of a new financial services company – Simeka Financial Services (Pty) Limited

2000

A multi-manager asset management company formed through a joint venture between Liberty Group, Standard Bank Investment Corporation and Investment Solutions

Liberty Group reached agreement with Liberty International PLC to acquire 100% of the Liberty Ermitage Group

1999

Retirement of founder, chairman Donald Gordon

Control of Liberty Life changes to Standard Bank of South Africa

1998

Unbundling of Libsil

Unbundling of First International Trust

Distribution of direct holding in Liberty International - capital reduction by dividend in specie

1997

Liberty celebrates its 40th anniversary

Total assets exceed R100 billion and earnings attributable to shareholders reach a record R3,08 billion

1996

Liberty International sets up offshore life business in Jersey, Channel Islands

1995

Blueprint, the first computer-based financial needs analysis in the industry is introduced by Liberty Life

1994

Liberty Life issues more than US$320 million in ten-year redeemable convertible bonds

Capital Shopping Centres lists on the London Stock Exchange

1993

Liblife Strategic Investments is established

1992

Liberty is ranked as the fifth largest company in South Africa in terms of market capitalisation on the Johannesburg Stock Exchange

1991

The Liberty Foundation is established

Liberty increases its interest in Standard Bank Investment Corporation to approximately 39%

1990

Thurrock Lakeside Shopping Centre in the UK is opened

1988

First Union General Investment Trust is restructured to become First International Trust, the listed holding company for the Liberty Life Group's offshore interests

1987

Liberty celebrates its 30th anniversary

Prudential Assurance Company becomes a wholly-owned subsidiary of Liberty Life

Liberty increases its interest in Standard Bank Investment Corporation to over 30% (Liberty becomes the largest shareholder in South Africa's leading bank)

Total assets exceed R11 billion

1986

The VIP Lifestyle Annuity policy, designed to apply the flexible "Universal" concept to retirement planning is launched in South Africa

1985

Liberty Life increases its stake in Standard Bank to over 21%

1983

Liberty in association with Johannesburg Consolidated Investment Company and Anglo American Corporation acquires joint control of the Premier Group which in turn acquires a 35% interest in South African Breweries

Standard Bank increases its interest in Liblife Controlling Corporation to 50%, representing joint control of Liberty Life

1982

Liberty celebrates its 25th anniversary

Liberty Life Centre (new corporate headquarters) is opened in Braamfontein

Assets exceed R2 billion

1981

Liberty Life is listed on the London Stock Exchange

Liberty Life acquires 29,6% interest in Capital & Counties (major UK retail property developer)

1980

Liberty International is established in London

1978

Liblife Controlling Corporation is formed with Standard Bank

1977

Liberty Life gains control of First Union General Investment Trust

1976

Liberty Life acquires entire issued share capital of Rapp & Maister Holdings (annual income exceeds R100 million)

1974

Liberty Life acquires South African life insurance operations of Sun Life

1972

Liberty Life acquires South African life insurance operations of Manufacturers Life (increasing the asset base to over R100 million)

1970

Guardbank is formed in conjunction with First National Bank

1968

Liberty Holdings is formed to consolidate the South African interests of Guardian Royal Exchange (GRE) by acquiring Guardian Assurance Company of South Africa and 75% of Liberty Life

1964

Guardian Royal Exchange acquires 75% controlling interest in Liberty Life

Premium income exceeds R1 million

1962

Assets Exceed R1 million

JSE Listing

Leading role in forming Abbey Life in the UK

1957

Liberty Life is registered (R84000 capital)

 

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