Announcement in Relation to Edcon LIBERTY TWO DEGREES LIMITED (Registration number: 2018/388906/06) JSE share code: L2D ISIN: ZAE000260576 (“L2D” or “the Company”) ANNOUNCEMENT IN RELATION TO EDCON Shareholders of L2D are referred to the announcement released by Edcon Group (“Edcon”) today in relation to its recapitalisation and restructuring programme. L2D continues to support the recapitalisation process and notes that Edcon currently occupies 5.3% of L2D’s total portfolio gross lettable area (GLA). This exposure is anticipated to reduce to 4.3% of total portfolio GLA by 31 December 2019 as part of a space rationalisation process as agreed with Edcon. L2D’s position remains as disclosed in its recently published summarised group results for the year ended 31 December 2018 and a further update will be made once the suspensive conditions are met and agreements finalised. Johannesburg 1 March 2019 Sponsor: The Standard Bank of South Africa Limited Investor Relations Gareth Rees Contact number: 011 448 6804 Date: 01/03/2019 04:48:00 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.
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