LIBERTY TWO DEGREES LIMITED - Edcon Limited (Edcon) Voluntary Business Rescue Announcement

Edcon Limited (“Edcon”) – Voluntary Business Rescue Announcement

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


EDCON LIMITED (“EDCON”) – VOLUNTARY BUSINESS RESCUE ANNOUNCEMENT

Shareholders of L2D are referred to the announcement released by Edcon on 29 April 2020 in relation
to its commencement of voluntary business rescue proceedings.

Edcon occupies 33 674m² (3.5%) of L2D’s total portfolio GLA at 31 March 2020. As per previous
communications, the investment in Edcon as part of the restructuring in March 2019 was carried at a
fair value of R17.5 million at 31 December 2019.

L2D management will review the business rescue plan once it is made available.


Johannesburg
29 April 2020

Sponsor
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

Date: 29-04-2020 05:30:00
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