LIBERTY TWO DEGREES LIMITED - Dealings in securities

Dealings in securities

LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)

DEALING IN SECURITIES BY EXECUTIVE DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces the following transactions for the directors of the Company in terms of L2D’s Restricted
Share Plan (“the “LTIP”).

These restricted ordinary shares below were awarded by STANLIB REIT Fund Managers Proprietary
Limited (“SRFM”) prior to the conversion of L2D to a Corporate REIT and is therefore not for the cost
of the shareholders of the new L2D..

Executive Director                              José Richard Snyders
Date of award                                   1 March 2017
Date of transaction (Vesting date)              1 March 2020
Number of securities                            40 849 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of the first tranche of share awards made on
                                                appointment to L2D in terms of LTIP
Vesting periods                                 One-third after 36 months, another one-third after 48
                                                months and the balance after 60 months. No
                                                conditionality applies
Price per share                                 R5.40
Total value of transaction                      R220 584.60
Nature and extent of interest                   Direct beneficial

Executive Director                              Amelia Beattie
Date of award                                   6 December 2016
Date of transaction (Vesting date)              1 March 2020
Number of securities                            140 351 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of the first tranche of share awards made on
                                                the listing of L2D in terms of the LTIP
Vesting periods                                 One-third after 36 months, another one-third after 48
                                                months and the balance after 60 months. No
                                                conditionality applies
Price per share                                 R5.40
Total value of transaction                      R757 895.40 (gross of taxation)
Nature and extent of interest                   Direct beneficial

Director (Chief Executive)                      Amelia Beattie
Date of transaction                             3 March 2020
Number of securities                            63 306 ordinary shares
Nature of transaction                           On-market sale to cover the income tax liability
Price per share                                 R5.41
Total value of transaction                      R342 485.46
Nature and extent of interest                   Direct beneficial

Director (Chief Executive)                      Amelia Beattie
Date of award                                   6 December 2016
Date of transaction (Vesting date)              1 March 2020
Number of securities                            77 045 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of the first tranche of share awards made on
                                                the listing of L2D in terms of the LTIP
Vesting periods                                 One-third after 36 months, another one-third after 48
                                                months and the balance after 60 months. No
                                                conditionality applies
Price per share                                 R5.40
Total value of transaction                      R416 043.00 (net of taxation)
Nature and extent of interest                   Direct beneficial


Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Johannesburg
4 March 2020


Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

Date: 04-03-2020 05:45:00
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