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”) DEALINGS IN SECURITIES BY THE RESTRICTED SHARE PLAN TRUST (“RSP”) In compliance with the Listings Requirements of the JSE Limited (“JSE”), the following information is disclosed: 1. FORFEITURE OF RESTRICTED SHARES PREVIOUSLY AWARDED Date of forfeiture 1 March 2023 Number of securities 2 537 090 ordinary shares Nature of transaction Off-market forfeiture of securities in the terms of the RSP Notional value per share * R4.30 Total notional value R10 909 487.00 Nature of interest Indirect beneficial 2. ACQUISITION OF SECURITIES FOR ALLOCATION TO PARTICIPANTS Date of transaction 1 March 2023 Number of securities 2 537 090 ordinary shares Nature of transaction Off-market allocation of forfeited securities to fulfil the obligations of the RSP Price per share * R4.30 Total value of transaction R10 909 497.00 Nature and extent of interest Indirect beneficial Date of transaction 1 March 2023 Number of securities 4 169 820 Nature of transaction On-market purchase of securities to fulfil the obligations of the RSP Price per share R4.30 Total value of transaction R17 930 266.00 Nature and extent of interest Indirect beneficial Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. * The price per share is the closing price of the L2D ordinary share on Tuesday, 28 February 2023. Johannesburg 3 March 2023 Sponsor Merchantec Capital Investor Relations Sumenthree Moodley Contact number: 011 358 9171