LIBERTY TWO DEGREES LIMITED - Grant and Acceptance of Share Awards by the Executive Directors and the Company Secretary

Grant and Acceptance of Share Awards by the Executive Directors and the Company Secretary

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

GRANT AND ACCEPTANCE OF SHARE AWARDS BY THE EXECUTIVE DIRECTORS AND THE
COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces that the Directors and Company Secretary of the Company has been granted, and has
accepted, share awards in terms of L2D’s Long-Term Incentive Plan (“the “LTIP”).

L2D’s Remuneration Committee approved the following share awards:

Director (Chief Executive)                     Amelia Beattie
Acceptance date                                12 March 2019
Number of securities                           638 298
Nature of transaction                          Off-market award and acceptance of share awards in
                                               terms of the LTIP
Vesting periods                                One-third after 3 years, another one-third after 4
                                               years and the balance after 5 years subject to
                                               performance conditions
Price per share *                              R7.05
Total value of transaction                     R4 500 000.90
Nature and extent of interest                  Indirect beneficial, via L2D’s Restricted Share Plan
                                               Trust
Clearance obtained                             Yes

Director (Chief Executive)                     Amelia Beattie
Acceptance date                                12 March 2019
Number of securities                           142 880
Nature of transaction                          Off-market award and acceptance of share awards in
                                               respect of a portion of short-term incentive
                                               remuneration being deferred and converted into
                                               restricted shares in terms of the LTIP
Vesting periods                                One-third after 18 months, another one-third after 30
                                               months and the balance after 42 months . No
                                               conditionality applies
Price per share *                              R7.05
Total value of transaction                     R1 007 304.00
Nature and extent of interest                  Indirect beneficial, via L2D’s Restricted Share Plan
                                               Trust
Clearance obtained                             Yes


Director (Financial Director)                  José Richard Snyders
Acceptance date                                12 March 2019
Number of securities                           425 532
Nature of transaction                          Off-market award and acceptance of share awards in
                                               terms of the LTIP
Vesting periods                                One-third after 3 years, another one-third after 4
                                               years and the balance after 5 years subject to
                                               performance conditions
Price per share *                              R7.05
Total value of transaction                     R3 000 000.60
Nature and extent of interest                  Indirect beneficial, via L2D’s Restricted Share Plan
                                               Trust
Clearance obtained                             Yes

Director (Financial Director)                  José Richard Snyders
Acceptance date                                12 March 2019
Number of securities                           85 107
Nature of transaction                          Off-market award and acceptance of share awards in
                                               respect of a portion of short-term incentive
                                               remuneration being deferred and converted into
                                               restricted shares in terms of the LTIP
Vesting periods                                One-third after 18 months, another one-third after 30
                                               months and the balance after 42 months . No
                                               conditionality applies
Price per share *                              R7.05
Total value of transaction                     R600 004.35
Nature and extent of interest                  Indirect beneficial, via L2D’s Restricted Share Plan
                                               Trust
Clearance obtained                             Yes


Company Secretary                              Ben Swanepoel
Acceptance date                                12 March 2019
Number of securities                           70 922
Nature of transaction                          Off-market award and acceptance of share awards in
                                               terms of the LTIP
Vesting periods                                One-third after 3 years, another one-third after 4
                                               years and the balance after 5 years subject to
                                               performance conditions
Price per share *                              R7.05
Total value of transaction                     R500 000.10
Nature and extent of interest                  Indirect beneficial, via L2D’s Restricted Share Plan
                                               Trust
Clearance obtained                             Yes


*The price per share is the closing price of the L2D ordinary share on 1 March 2019.

Johannesburg
12 March 2019


Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

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