Sharenet Sites 
Sharenet Sites
Voluntary announcement in respect of sale of property
LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)
VOLUNTARY ANNOUNCEMENT IN RESPECT OF SALE OF PROPERTY
Shareholders are advised that on 31 October 2019, 2 Degrees Properties Proprietary Limited (“2DP”),
a wholly owned subsidiary of the Company, and Liberty Group Limited (together the “Sellers”) entered
into a sale of letting enterprise agreement with Spear REIT Limited (the “Purchaser”), in terms of which
the Sellers will dispose of the property known as The Liberty Life Building, Century City Boulevard
(“Property”) as a going concern for a purchase consideration of R370 000 000 (“Purchase
Consideration”) inclusive of value-added tax at a rate of 0%.
2DP’s ownership share of the Property is 33.3007% and its share of the purchase consideration is
R123 212 590.
The disposal is in line with the Company’s strategy to be a precinct focused, retail-centred REIT and
the asset is deemed a non-core asset in the Sellers portfolio. The transaction is subject to approval
by the competition authorities in accordance with the Competition Act, No 89 of 1998.
Johannesburg
1 November 2019
Sponsor
The Standard Bank of South Africa Limited
Investor Relations
Gareth Rees
Contact number: 011 448 6804
Date: 01/11/2019 01:55:00
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