03 Sep - 5 min read

Dealing in securities by executive directors and company secretary

Dealing in securities by executive directors and company secretary

LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces the following transactions for the directors of the Company in terms of L2D’s Restricted
Share Plan (“the “LTIP”).

Director (Chief Executive)                      Amelia Beattie
Date of award                                   1 March 2018
Date of transaction (Vesting date)              1 September 2021
Number of securities                            15 629 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the LTIP
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months. No
                                                conditionality applies
Price per share                                 R4.55
Total value of transaction                      R71 111.95
Nature and extent of interest                   Direct beneficial


Director (Chief Executive)                      Amelia Beattie
Date of award                                   1 March 2019
Date of transaction (Vesting date)              1 September 2021
Number of securities                            47 621 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the LTIP
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months. No
                                                conditionality applies
Price per share                                 R4.55
Total value of transaction                      R216 675.55
Nature and extent of interest                   Direct beneficial


Director (Chief Executive)                      Amelia Beattie
Date of award                                   1 March 2020
Date of transaction (Vesting date)              1 September 2021
Number of securities                            50 944 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the LTIP
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months. No
                                                conditionality applies
Price per share                                 R4.55
Total value of transaction                      R231 795.20
Nature and extent of interest                   Direct beneficial

Director (Chief Executive)           Amelia Beattie
Date of transaction                  1 September 2021
Number of securities                 52 485 ordinary shares
Nature of transaction                On-market sale to cover the income tax liability
Price per share                      R4.50
Total value of transaction           R236 182.50
Nature and extent of interest        Direct beneficial

Director (Chief Executive)           Amelia Beattie
Date of transaction                  1 September 2021
Number of securities                 61 709 ordinary shares
Nature of transaction                Off-market vesting of restricted share awards
Price per share                      R4.55
Total value of transaction           R280 775.95
Nature and extent of interest        Direct beneficial


Director (Financial Director)        José Richard Snyders
Date of award                        1 September 2017
Date of transaction (Vesting date)   1 September 2021
Number of securities                 81 481 ordinary shares
Nature of transaction                Off-market vesting of restricted share awards in
                                     respect of the second 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
                                     conditionality applies
Price per share                      R4.55
Total value of transaction           R370 738.55
Nature and extent of interest        Direct beneficial

Director (Financial Director)        José Richard Snyders
Date of award                        1 March 2018
Date of transaction (Vesting date)   1 September 2021
Number of securities                 10 420 ordinary shares
Nature of transaction                Off-market vesting of restricted share awards in
                                     respect of a portion of short-term incentive
                                     remuneration being deferred and converted into
                                     restricted shares in terms of the LTIP
Vesting periods                      One-third after 18 months, another one-third after 30
                                     months and the balance after 42 months. No
                                     conditionality applies
Price per share                      R4.55
Total value of transaction           R47 411.00
Nature and extent of interest        Direct beneficial

Director (Financial Director)        José Richard Snyders
Date of award                        1 March 2019
Date of transaction (Vesting date)   1 September 2021
Number of securities                 28 366 ordinary shares
Nature of transaction                Off-market vesting of restricted share awards in
                                     respect of a portion of short-term incentive
                                     remuneration being deferred and converted into
                                     restricted shares in terms of the LTIP
Vesting periods                      One-third after 18 months, another one-third after 30
                                     months and the balance after 42 months. No
                                     conditionality applies
Price per share                      R4.55
Total value of transaction           R129 065.30
Nature and extent of interest        Direct beneficial

Director (Financial Director)        José Richard Snyders
Date of award                        1 March 2020
Date of transaction (Vesting date)   1 September 2021
Number of securities                 25 904 ordinary shares
Nature of transaction                Off-market vesting of restricted share awards in
                                     respect of a portion of short-term incentive
                                     remuneration being deferred and converted into
                                     restricted shares in terms of the LTIP
Vesting periods                      One-third after 18 months, another one-third after 30
                                     months and the balance after 42 months. No
                                     conditionality applies
Price per share                      R4.55
Total value of transaction           R117 863.20
Nature and extent of interest        Direct beneficial

Director (Financial Director)        José Richard Snyders
Date of transaction                  1 September 2021
Number of securities                 146 171 ordinary shares
Nature of transaction                On-market sale of all vesting awards gross of
                                     taxation
Price per share                      R4.50
Total value of transaction           R657 769.50
Nature and extent of interest        Direct beneficial


Company Secretary                    Benjamin Swanepoel
Date of award                        1 March 2020
Date of transaction (Vesting date)   1 September 2021
Number of securities                 2 014 ordinary shares
Nature of transaction                Off-market vesting of restricted share awards in
                                     respect of a portion of short-term incentive
                                     remuneration being deferred and converted into
                                     restricted shares in terms of the LTIP
Vesting periods                      One-third after 18 months, another one-third after 30
                                     months and the balance after 42 months. No
                                     conditionality applies
Price per share                      R4.55
Total value of transaction           R9 163.70
Nature and extent of interest        Direct beneficial

Company Secretary                    Benjamin Swanepoel
Date of transaction                  1 September 2021
Number of securities                 926 ordinary shares
Nature of transaction                           On-market sale to cover the income tax liability
Price per share                                 R4.50
Total value of transaction                      R4 167.00
Nature and extent of interest                   Direct beneficial

Company Secretary                               Benjamin Swanepoel
Date of transaction                             1 September 2021
Number of securities                            1 088 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards
Price per share                                 R4.55
Total value of transaction                      R4 950.40
Nature and extent of interest                   Direct beneficial


Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Johannesburg
3 September 2021


Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

Date: 03-09-2021 03:05:00
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