Liberty Holdings Limited provided earnings guidance for the year ended December 31, 2017. Shareholders are advised that normalized headline earnings per ordinary share is expected to be between 1% to 15% (between 913.5 cents and 1,040.2 cents per ordinary share) higher than the year ended December 31, 2016. Normalized headline earnings per ordinary share reflects the economic substance of Liberty Holdings' investment in the listed Liberty Two Degrees REIT as opposed to the International Financial Reporting Standards accounting treatment applied in the calculation of basic earnings per ordinary share and headline earnings per ordinary share. The shareholders are further advised that basic earnings per ordinary share and headline earnings per ordinary share are expected to be between 40% to 55% (between 1,136.4 cents and 1,258.1 cents per ordinary share) higher than the comparative period. The increase in basic and headline earnings per ordinary share is mainly attributable to an accounting mismatch arising on consolidation of L2D into the Liberty Holdings results.