Update on office leasing and supplementary information on performance of retail portfolio LIBERTY TWO DEGREES JSE share code: L2D ISIN: ZAE000230553 (Approved as a REIT by the JSE) (“Liberty Two Degrees”) a portfolio established under the Liberty Two Degrees Scheme, a Collective Investment Scheme in Property established in terms of the Collective Investment Schemes Control Act, No 45 of 2002, as amended, and managed by STANLIB REIT Fund Managers Proprietary Limited (RF) (Registration number: 2007/029492/07) (“the Manager”) UPDATE ON OFFICE LEASING AND SUPPLEMENTARY INFORMATION ON PERFORMANCE OF RETAIL PORTFOLIO Office leasing Liberty Two Degrees and its co-owners have recently signed a binding offer to lease the Nelson Mandela Square offices (“lease agreement”). The lease agreement is for 6,350 m2 of office space with an international tenant for a period of 5 years. The rental obligation date of the lease agreement is from 1 October 2017. The lease agreement will reduce Nelson Mandela Square’s office vacancy (currently at 4,599 m2 as at the end of February 2017) to zero. As a consequence hereof certain existing tenants in occupation at Nelson Mandela Square will be relocated into the Atrium on 5th and Sandton Office Tower thereby reducing vacancies in these offices. This lease agreement should also assist in underpinning the retail performance of both Nelson Mandela Square and Sandton City which are linked via a pedestrian bridge. This is a noteworthy deal in the Liberty Two Degrees portfolio, given the level of competition for office space in Sandton and shows the robust and quality nature of our assets. This, together with other leasing activities in Atrium on 5th in Sandton, reduces the overall office vacancy in Liberty Two Degrees to 4.5%. Supplementary information on the retail portfolio Unitholders of Liberty Two Degrees are advised that supplementary information regarding the performance of the retail portfolio for the period ended 31 December 2016 can be found on the website of Liberty Two Degrees - http://www.liberty2degrees.co.za. 13 April 2017 Sponsor Java Capital Date: 13/04/2017 02:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.