1. 5 Types of guarantees
providing peace of mind
Guaranteed Capital Bonds
1 Fixed Interest Investing
Fixed Interest Annuities
2 Capital (C)
3 Capital Plus (C+)
Excelsior Protector and
4 Progressive Bonus
Higher of Death
5 Guarantee
Disclaimer:
In formulating the information in this document, Liberty Life has taken due care to ensure that the views and opinions are based on information which is relevant
and accurate and does not constitute advice by Liberty Life. Any legal, technical or product information contained in this document is subject to change from time
to time. If there are any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Past perfor-
mance cannot be relied on as an indication of future performance. Investment performance will depend on the growth in the underlying assets, which will be
influenced by inflation levels in the economy and prevailing market conditions. Any recommendations made must take into consideration your specific needs and
unique circumstances.
Liberty Group Limited – an Authorised Financial Services Provider in terms of FAIS Act (license no. 2409).

2. Excelsior
Property Portfolio
“Invest in Land because they ain’t making any more of it” – Mark Twain
Top 10 Holdings – January 2009 Sector split – January 2009
Sandton City 24.27
Eastgate Shopping Centre 24.34
Nelson Mandela Square 6.37 7%
Liberty Midlands Mall 5.74 3% 14%
Greenacres Shopping Centre 4.93
12% Office
Liberty Promenade Mitchells Plain 3.65
Retail
Garden Court – Waterfront CPT 3.48 Hotel
Sandton Sun & Intercontinental 3.17
Listed Property
Liberty Centre Braamfontein 2.72 64% Cash Holdings
Standard Bank Centre 2.38
0 5 10 15 20 25 30
%
10 Reasons to choose the Excelsior Property Portfolio:
How have we done over the
• Consistent inflation beating returns.
last 13 years
• Suitable for a moderate investor wanting long-term property exposure.
• Optional performance guarantees available per product. Year Average Gross
• Physically owned and managed by Liberty Properties resulting in a sustainable CPI Return
long term strategy.
• Blue Chip Properties – Sandton City, Eastgate, Liberty Midlands Mall etc. 1996 7.34 15.22
• Liberty Properties is one of the largest independent hotel owners in South 1997 8.62 18.33
Africa, positioning itself perfectly for 2010 and beyond.
• Historic outperformance of money-market rates. 1998 6.86 12.67
• It is a building block of most of the Liberty Life Portfolios.
• Annual interim rate declaration provides for stable growth throughout 1999 5.27 17.50
the year.
2000 5.33 15.64
• Diversification by means of exposure across retail, office, hotel and listed
property sectors. 2001 5.73 12.97
Make the right choice with Liberty Properties! 2002 9.14 14.55
Liberty Properties vs. Asset Classes 2003 6.99 14.65
25.00%
2004 1.39 13.75
20.00%
15.00%
Equity 2005 3.40 16.50
Bonds
10.00% Liberty Properties 2006 4.63 19.95
Domestic Listed Property
5.00% Foreign Listed Property 2007 7.08 20.60
Domestic Inflation Linked Bonds
0.00%
2008 11.30 14.93
0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00%
Volatility
Historic gross return vs. volatility since 1985 Source: STANLIB and Liberty Properties
Disclaimer:
In formulating the information in this document, Liberty Life has taken due care to ensure that the views and opinions are based on information which is relevant and accurate
and does not constitute advice by Liberty Life. Any legal, technical or product information contained in this document is subject to change from time to time. If there are
any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Past performance cannot be relied on as an
indication of future performance. Investment performance will depend on the growth in the underlying assets, which will be influenced by inflation levels in the economy and
prevailing market conditions. Any recommendations made must take into consideration your specific needs and unique circumstances.
Liberty Group Limited – an Authorised Financial Services Provider in terms of FAIS Act (license no. 2409).