Results of the Fourth Annual General Meeting of Shareholders LIBERTY TWO DEGREES LIMITED Incorporated in the Republic of South Africa (Registration number 2018/388906/06) (Approved as a REIT by the JSE) Share code: L2D ISIN: ZAE000260576 (“L2D” or “the Company”) RESULTS OF THE FOURTH ANNUAL GENERAL MEETING OF SHAREHOLDERS Shareholders are advised that, at the fourth Annual General Meeting (“AGM”) of L2D held today, 25 May 2022, all the resolutions as set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders. As at Friday, 20 May 2022, being the AGM Record Date (“Voting Record Date”), the total number of L2D ordinary shares in issue (“L2D shares”) was 908 443 334. The number of shares voted in person or by proxy was 822 360 835 representing 90.52% of the total issued share capital of the same class of L2D shares. The resolutions proposed at the meeting, together with the percentage of votes carried for and against each resolution, as well as the percentage of shares abstained, are set out below: % of votes % of votes carried for against the % of shares Resolution the resolution resolution abstained Ordinary resolution number 1: Adoption of Annual Financial Statements 100% 0% 0.01% Ordinary resolution number 2: Confirmation of non- executive director appointed by the Board 2.1 Mr N Criticos 98.41% 1.59% 0.01% Ordinary resolution number 3: Retirement and re-election of non- executive directors 3.1 Mr D Munro 99.99% 0.01% 0.01% 3.2 Ms L Ntuli 99.93% 0.07% 0.01% Ordinary resolution number 4: Election of Audit and Risk Committee members 4.1 Mr P Nelson – Chairman 100% 0% 0.01% 4.2 Mr B Makhubedu 99.99% 0.01% 0.01% 4.3 Mr C Ewin 100% 0% 0.01% Ordinary resolution number 5: Re-appointment of PricewaterhouseCoopers Inc. as the external auditor with Ms J Basson being the individual registered auditor 99.93% 0.07% 0.01% Ordinary resolution number 6: Approval of the remuneration policy by way of a non-binding advisory vote 94.96% 5.04% 0.01% Ordinary resolution number 7: Approval of the implementation report on the remuneration policy by way of a non-binding advisory vote 94.96% 5.04% 0.01% Ordinary resolution number 8: Approval of amendments to the L2D Restricted Share Plan 98.01% 1.99% 0.01% Ordinary resolution number 9: To place 10% of the unissued authorised ordinary shares under the control of the directors 93.98% 6.02% 0.01% Ordinary resolution number 10: General, but restricted authority to issue shares for cash 96.97% 3.03% 0.01% Special resolution number 1: Non-executive directors’ remuneration for 2022 1.1 Board - Chairman 96.98% 3.02% 0.01% 1.2 Board - Lead Independent Director 99.45% 0.55% 0.01% 1.3 Board - Member 99.45% 0.55% 0.01% Committees 1.4 Audit and Risk Committee - Chairman 99.29% 0.71% 0.01% 1.5 Audit and Risk Committee - Member 99.29% 0.71% 0.01% 1.6 Social, Ethics and Transformation Committee - Chairman 99.29% 0.71% 0.01% 1.7 Social, Ethics and Transformation Committee - Member 99.29% 0.71% 0.01% 1.8 Remuneration and Nomination Committee - Chairman 99.29% 0.71% 0.01% 1.9 Remuneration and Nomination Committee - Member 99.29% 0.71% 0.01% 1.10 Other committee meetings 97.86% 2.14% 0.01% Special resolution number 2: Financial assistance to related and inter-related parties 98.40% 1.60% 0.01% Special resolution number 3: General authority to repurchase shares 97.57% 2.43% 0.01% Johannesburg 25 May 2022 Sponsor Merchantec Capital Investor Relations Sumenthree Moodley Contact number: 011 358 9171 Date: 25-05-2022 02:37:00 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.