Liberty Two Degrees Limited (JSE:L2D) News - Disclosure of Beneficial Interests in Securities 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”) DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES In compliance with Section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as amended (“Companies Act”), regulation 121(2)(b) of the Companies Act Regulations and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are advised that the Company has received notification in terms of section 122(1) of the Companies Act that Liberty Group Limited’s beneficial interest in the securities of the Company has increased from 58.51% to 60.49% of the total number of votable securities in issue as a result of the impact of the increase in treasury shares held by the L2D Group. As required in terms of section 122(3)(a) of the Companies Act, L2D has filed the required notice with the Takeover Regulation Panel. Johannesburg 25 March 2022 Sponsor Merchantec Capital Investor Relations Sumenthree Moodley Contact number: 011 358 9171 Date: 25-03-2022 11:19:00 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.