LIBERTY TWO DEGREES LIMITED - Dealings in securities

Dealings in securities

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

GRANT AND ACCEPTANCE OF SHARE AWARDS BY THE EXECUTIVE DIRECTORS AND THE
COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces that the Directors and Company Secretary of the Company have been granted, and has
accepted, share awards in terms of L2D’s Long-Term Incentive Plan (“the LTIP”).

L2D’s Remuneration Committee approved the following share awards:

Director (Chief Executive)                    Amelia Beattie
Acceptance date                               11 March 2020
Number of securities                          863 558
Nature of transaction                         Off-market award and acceptance of share awards in
                                              terms of the LTIP
Vesting periods                               One-third after 3 years, another one-third after 4
                                              years and the balance after 5 years subject to
                                              performance conditions
Price per share *                             R5.79
Total value of transaction                    R5 000 000.82
Nature and extent of interest                 Indirect beneficial, via L2D’s Restricted Share Plan
                                              Trust
Clearance obtained                            Yes

Director (Chief Executive)                    Amelia Beattie
Acceptance date                               11 March 2020
Number of securities                          152 850
Nature of transaction                         Off-market award and acceptance of 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 *                             R5.79
Total value of transaction                    R885 001.50
Nature and extent of interest                 Indirect beneficial, via L2D’s Restricted Share Plan
                                              Trust
Clearance obtained                            Yes


Director (Financial Director)                 José Richard Snyders
Acceptance date                               11 March 2020
Number of securities                          561 313
Nature of transaction                         Off-market award and acceptance of share awards in
                                              terms of the LTIP
Vesting periods                               One-third after 3 years, another one-third after 4
                                              years and the balance after 5 years subject to
                                              performance conditions
Price per share *                             R5.79
Total value of transaction                       R3 250 002.27
Nature and extent of interest                    Indirect beneficial, via L2D’s Restricted Share Plan
                                                 Trust
Clearance obtained                               Yes

Director (Financial Director)                    José Richard Snyders
Acceptance date                                  11 March 2020
Number of securities                             77 720
Nature of transaction                            Off-market award and acceptance of 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 *                                R5.79
Total value of transaction                       R449 998.80
Nature and extent of interest                    Indirect beneficial, via L2D’s Restricted Share Plan
                                                 Trust
Clearance obtained                               Yes


Company Secretary                                Ben Swanepoel
Acceptance date                                  11 March 2020
Number of securities                             129 534
Nature of transaction                            Off-market award and acceptance of share awards in
                                                 terms of the LTIP
Vesting periods                                  One-third after 3 years, another one-third after 4
                                                 years and the balance after 5 years subject to
                                                 performance conditions
Price per share *                                R5.79
Total value of transaction                       R750 001.86
Nature and extent of interest                    Indirect beneficial, via L2D’s Restricted Share Plan
                                                 Trust
Clearance obtained                               Yes

Company Secretary                                Ben Swanepoel
Acceptance date                                  11 March 2020
Number of securities                             6 045
Nature of transaction                            Off-market award and acceptance of 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 *                                R5.79
Total value of transaction                       R35 000.55
Nature and extent of interest                    Indirect beneficial, via L2D’s Restricted Share Plan
                                                 Trust
Clearance obtained                               Yes

* The price per share is the closing price of the L2D ordinary share on 6 March 2020.
Johannesburg
11 March 2020


Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

Date: 11-03-2020 03:00:00
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