Liberty International PLC

25 September 2009



              LIBERTY INTERNATIONAL PLC (the "Issuer")

       £240,000,000 3.95 per cent. Convertible Bonds due 2010

     of which £79,244,000 is currently outstanding (the "Bonds")

            (ISIN: XS0176967262; Common Code: 017696726)



In accordance  with  the  terms  and conditions  of  the  Bonds  (the
"Conditions"), as set out in  the Offering Circular dated 13  October
2003 relating to  the Bonds,  notice is hereby  given to  Bondholders
pursuant to  Condition  5(k)  that in  connection  with  the  pricing
details of the Placing of 56.1 million New Ordinary Shares, announced
by the Issuer on 23 September 2009, the Conversion Price of the Bonds
will be  adjusted  pursuant  to Condition  5(b)9vi)  from  £7.16  per
Ordinary Share to £7.08 per Ordinary Share with effect from 5 October
2009. If Bondholders were to exercise Conversion Rights prior to  the
date of such adjustment  they would pay a  Conversion Price of  £7.16
per Ordinary Share.

Words and expressions defined in  the Conditions shall have the  same
meaning when used in this announcement.








Susan Folger
Company Secretary
Liberty International PLC

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