No Change Statement and Notice of Annual General Meeting LIBERTY TWO DEGREES LIMITED (Registration number: 2018/388906/06) JSE share code: L2D ISIN: ZAE000260576 (“L2D” or “the Company”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING 1. No Change Statement The consolidated annual financial statements for the year ended 31 December 2019, on which PricewaterhouseCoopers Inc. expressed an unmodified opinion, contain no modifications to the summarised group results for the year ended 31 December 2019 which were released on the Stock Exchange News Service of the JSE Limited on Monday, 24 February 2020. An electronic version of the Company’s Integrated Report, the Annual Financial Statements, PricewaterhouseCoopers Inc. unqualified audit report which incorporates key audit matters, and the Notice of Annual General Meeting and proxy form is available on the Company’s website at https://www.liberty2degrees.co.za/investors/integrated-reports/. 2. Notice of Annual General Meeting Notice is hereby given that the Second Annual General Meeting (the “Annual General Meeting”) of the shareholders of the Company (the “Shareholders”) will be held on Wednesday, 20 May 2020 by means of electronic participation due to the Covid-19 pandemic. The record date for Shareholders of L2D to attend, participate in and vote at the Annual General Meeting is Friday, 15 May 2020 (“Voting Record Date”). Therefore, the last day to trade in the Company’s shares on the JSE in order to be recorded in the share register on the Voting Record Date is Tuesday, 12 May 2020. Shareholders of L2D are advised that the Notice of Annual General Meeting and proxy form, will be distributed electronically to Shareholders on Monday, 20 April 2020. 3. Other information At the time of finalising the Integrated Report, South Africa was in a national lockdown to prevent the spread of the Covid-19 pandemic. The impact of Covid-19 and the lockdown, with possible extensions, on our business is still being quantified. As and when information becomes available, we will update shareholders via SENS announcements. Johannesburg 17 April 2020 Sponsor The Standard Bank of South Africa Limited Investor Relations Gareth Rees Contact number: 011 448 6804 Date: 17-04-2020 05:40:00 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.