The Phoenix Holdings Ltd.

Pre-Annual General Meeting Information • Jul 6, 2009

For Immediate Release

Liberty Acquisition Holdings (International) Company announces an

Extraordinary General Meeting of Shareholders on 24 July 2009

and the Publication of the Proxy Statement and Consent Solicitation Statement

Amsterdam, 3 July 2009. Liberty Acquisition Holdings (International) Company (Euronext: LIAC) (the "Company") today announced that an Extraordinary General Meeting of Shareholders ("EGM") will be held at 12:00 p.m. (British Summer Time), on 24 July 2009, at the Grand Jersey hotel, Esplanade, St Helier, Jersey JE2 3QA, Channel Islands.

During the EGM, the proposals in connection with the acquisition by the Company of Pearl Group Limited and Opal Reassurance Limited (the "Acquisition") and related transactions, will be brought to vote.

As of today, the following documents will be available on the Company's website at www.libertyacquisitionholdingsinternational.com:

• 1. Notice and Agenda for the EGM together with a Notice to warrant holders;
• 1. Proxy Statement and Consent Solicitation Statement;
• 1. Proxy Card; and
• 1. Warrant Consent Card.

These documents are also available in printed form by directing a request to: (i) the Company's transfer agent, ABN AMRO N.V., trading under the name RBS, at Equity Capital Markets/Corporate Actions HQ3130, Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands, Tel: +31 20 383 6707; Fax: +31 20 628 0004; Email: corporate.actions@rbs.com or (ii) the Company at Liberty Acquisition Holdings (International) Company, Bison Court, Road Town, Tortola, British Virgin Islands, VG1110, Tel: +1 (284) 494-7605; Fax: +1 (284) 494-8251.

The Proxy Statement and Consent Solicitation Statement provides further details on the proposals which will be considered and acted upon at the EGM, the proposed Acquisition and the consent solicitation of warrant holders for an amendment to certain terms of the Company's outstanding warrants.

Liberty Acquisition Holdings (International) Company

Liberty Acquisition Holdings (International) Company is a company created to acquire businesses with principal operations outside North America through a merger, capital stock exchange, share purchase, asset acquisition, reorganization or similar transaction.