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 In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements, L2D hereby announces the following transactions for the directors of the Company in terms of L2D’s Restricted Share Plan (“the RSP”). Director (Chief Executive) Amelia Beattie Date of award 1 March 2019 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 47 638 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the third and final tranche of short-term incentive remuneration, being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R200 079.60 Nature and extent of interest Direct beneficial Director (Chief Executive) Amelia Beattie Date of award 1 March 2020 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 50 944 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the second tranche of short-term incentive remuneration, being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R213 964.80 Nature and extent of interest Direct beneficial Director (Chief Executive) Amelia Beattie Date of award 1 March 2021 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 18 633 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the first tranche of short-term incentive remuneration, being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R78 258.60 Nature and extent of interest Direct beneficial Income tax on the above three transactions has been paid by Amelia Beattie, and no shares were sold to cover the income tax liability. Director (Financial Director) José Richard Snyders Date of award 1 September 2017 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 81 482 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the third and final tranche of share awards made on appointment to L2D. Vesting periods One-third after 36 months, another third after 48 months and the balance after 60 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R342 224.40 Nature and extent of interest Direct beneficial Director (Financial Director) José Richard Snyders Date of award 1 March 2019 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 28 375 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the third and final tranche of short-term incentive remuneration, being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R119 175.00 Nature and extent of interest Direct beneficial Director (Financial Director) José Richard Snyders Date of award 1 March 2020 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 25 904 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the second tranche of short-term incentive remuneration, being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R108 796.80 Nature and extent of interest Direct beneficial Director (Financial Director) José Richard Snyders Date of award 1 March 2021 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 13 947 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the first tranche of short-term incentive remuneration being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R58 577.40 Nature and extent of interest Direct beneficial Director (Financial Director) José Richard Snyders Date of transaction 5 September 2022 Number of securities 69 067 ordinary shares Nature of transaction On-market sale to cover the income tax liability from the vesting of the restricted share awards. Volume weighted average price per share R4.1137 Lowest selling price R4.10 Highest Selling price R4.26 Total value of transaction R284 120.92 Nature and extent of interest Direct beneficial Following the off-market vesting of the restricted share awards and the on-market sale of ordinary shares to settle income tax liabilities, Mr José Richard Snyders received the following number of shares. Director (Financial Director) José Richard Snyders Date of transaction 5 September 2022 Number of securities 82 339 ordinary shares Nature of transaction Off-market receipt of ordinary shares. Price per share Nil Total value of transaction Not applicable Nature and extent of interest Direct beneficial Company Secretary Benjamin Swanepoel Date of award 1 March 2020 Vesting date 1 September 2022 Date of transaction 5 September 2022 Number of securities 2 014 ordinary shares Nature of transaction Off-market vesting of restricted share awards in respect of the second tranche of short-term incentive remuneration being deferred and converted into restricted shares in terms of the RSP. Vesting periods One-third after 18 months, another one-third after 30 months and the balance after 42 months. No performance conditionality applies. Price per share* R4.20 Total value of transaction R8 458.80 Nature and extent of interest Direct beneficial Company Secretary Benjamin Swanepoel Date of transaction 5 September 2022 Number of securities 930 ordinary shares Nature of transaction On-market sale to cover the income tax liability from the vesting of the restricted share awards. Volume average weighted price per share R4.1137 Lowest selling price R4.10 Highest selling price R4.26 Total value of transaction R3 825.74 Nature and extent of interest Direct beneficial Following the off-market vesting of the restricted share awards and the on-market sale of ordinary shares to settle the income tax liability described in the two transactions immediately above, Mr Benjamin Swanepoel received the following number of shares. Company Secretary Benjamin Swanepoel Date of transaction 5 September 2022 Number of securities 1 108 ordinary shares Nature of transaction Off-market receipt of ordinary shares. Price per share Nil Total value of transaction Not applicable Nature and extent of interest Direct beneficial * The price per share is the closing price of an L2D ordinary share on Wednesday, 31 August 2022. Clearance to trade for all of the above transactions was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. Johannesburg 6 September 2022 Sponsor Merchantec Capital Investor Relations Sumenthree Moodley Contact number: 011 358 9171