Dealings in Securities by the Restricted Share Plan Trust (”RSP”) 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 JSE Limited Listings Requirements, the following information is disclosed: 1. FORFEITURE OF RESTRICTED SHARES PREVIOUSLY AWARDED Date of forfeiture 1 March 2022 Number of securities 1 173 160 ordinary shares Nature of transaction Off-market forfeiture of securities in the terms of the RSP Notional value per share * R4.20 Total notional value R4 927 272.00 Nature of interest Indirect beneficial 2. ACQUISITION OF SECURITIES FOR ALLOCATION TO PARTICIPANTS Date of transaction 1 March 2022 Number of securities 1 173 160 ordinary shares Nature of transaction Off-market allocation of forfeited securities to fulfil the obligations of the RSP Price per share * R4.20 Total value of transaction R4 927 272.00 Nature and extent of interest Indirect beneficial Date of transaction 8 March 2022 Number of securities 4 174 426 Nature of transaction On-market purchase of securities to fulfil the obligations of the RSP Volume weighted average price per share R4.5928 Lowest purchase price R4.30 Highest purchase price R4.60 Total value of transaction R19 172 303.70 Nature and extent of interest Indirect beneficial Date of transaction 22 March 2022 Number of securities 212 940 Nature of transaction On-market purchase of securities to fulfil the obligations of the RSP Volume weighted average price per share R4.1223 Lowest purchase price R4.09 Highest purchase price R4.20 Total value of transaction R877 802.56 Nature and extent of interest Indirect beneficial Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. * The price per share is the closing price of the L2D ordinary share on Friday, 28 February 2022. Johannesburg 23 March 2022 Sponsor Merchantec Capital Investor Relations Sumenthree Moodley Contact number: 011 358 9171 Date: 23-03-2022 11:05:00 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.