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 FIFTH ANNUAL GENERAL MEETING OF SHAREHOLDERS



Shareholders are advised that, at the Fifth Annual General Meeting (“AGM”) of L2D held today, 24 May 2023,
all the resolutions as set out in the Notice of Annual General Meeting were passed by the requisite majority of
shareholders.
As at Friday, 19 May 2023, 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 808 747 365 representing 89% 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%          0.00%          0.00%
Ordinary resolution number 2: Confirmation of independent
non-executive directors appointed by the Board
2.1 Ms N Mayisela                                                       99.99%          0.01%          0.00%
2.2 Ms P Mthethwa                                                       99.99%          0.01%          0.00%
2.3 Ms I Dlamini                                                        99.99%          0.01%          0.00%
Ordinary resolution number 3: Election of Audit and Risk
Committee members
3.1 Mr P Nelson – Chairman                                              99.99%          0.01%          0.00%
3.2 Mr C Ewin                                                           99.99%          0.01%          0.00%
3.3 Ms P Mthethwa                                                       99.99%          0.01%          0.00%

Ordinary resolution number 4: Re-appointment of
PricewaterhouseCoopers Inc. as the external auditor with Mr
S Hassim being the individual registered auditor                        99.24%          0.76%          0.00%

Ordinary resolution number 5: Approval of the remuneration
policy by way of a non-binding advisory vote                            96.33%          3.67%          0.00%
Ordinary resolution number 6: Approval of the
implementation report on the remuneration policy by way of a
non-binding advisory vote                                          97.23%   2.77%   0.00%

Ordinary resolution number 7: To place 10% of the
unissued authorised ordinary shares under the control of the
directors                                                          93.08%   6.92%   0.00%

Ordinary resolution number 8: General, but restricted
authority to issue shares, and to sell treasury shares, for cash   98.22%   1.78%   0.00%
Special resolution number 1: Non-executive directors’
remuneration for 2023
1.1 Board - Chairman                                               99.05%   0.95%   0.00%
1.2 Board - Lead Independent Director                              99.81%   0.19%   0.00%
1.3 Board - Member                                                 99.81%   0.19%   0.00%
Committees
1.4 Audit and Risk Committee - Chairman                            99.05%   0.95%   0.00%
1.5 Audit and Risk Committee - Member                              99.05%   0.95%   0.00%
1.6 Social, Ethics and Transformation Committee - Chairman         99.05%   0.95%   0.00%
1.7 Social, Ethics and Transformation Committee - Member           99.65%   0.35%   0.00%
1.8 Remuneration and Nomination Committee - Chairman               98.05%   1.95%   0.00%
1.9 Remuneration and Nomination Committee - Member                 99.87%   0.13%   0.00%
1.10 Other committee meetings                                      98.38%   1.62%   0.00%
Special resolution number 2: Financial assistance to related
and inter-related parties                                          97.75%   2.25%   0.00%
Special resolution      number     3:   General   authority   to
repurchase shares                                                  98.28%   1.72%   0.00%


Johannesburg
24 May 2023

Sponsor
Merchantec Capital

Investor Relations
Sumenthree Moodley
Contact number: 011 358 9171