Liberty Two Degrees Limited

Liberty Two Degrees Liberty Two Degrees ( L2D ) is an internally managed, precinct focused Real Estate Investment Trust (“REIT”) that co-owns a quality iconic property portfolio of South African assets that are primarily retail focused. L2D is focused on continuously improving the quality of its assets, and introducing innovative and unique experiences that attract tenants, shoppers, and visitors. L2D is passionate about operational excellence and staying abreast of property and leisure trends to cater to the ever-changing needs of customers which makes its assets dominant in their precincts. L2D plays a vital role in society, and cares about their surrounding communities, society, and minimising the impact on the environment, which is addressed through several meaningful and innovative initiatives. OVERVIEW The majority of properties managed by L2D are focused towards retail rental income. The remaining rental income comprises office space and hotels while a small portion can be attributed to specialised rental opportunities. The location and iconic nature of the properties held by L2D continues to support the portfolio’s robustness, achieving higher than average trading densities. L2D ’s approach to establishing iconic, lifestyle and leisure destinations ensures that its retail centres remain relevant despite the cyclical slowdown in consumer confidence and are poised to recapture growth as confidence returns. L2D prides itself on the quality and iconic nature of all of its properties. PROPERTY PORTFOLIO The L2D portfolio consists of iconic and robust South African predominantly retail focused assets. The portfolio also boasts select office properties located in key business nodes anchored by blue chip tenants, as well as mixed use commercial and industrial developments.