The Liberty Community Trust ("LCT" or "the Trust") aims to improve the learning outcomes of young people in South Africa by investing in education initiatives that enable sustainable economic inclusion. The Trust was established as part of Liberty's BEE deal in 2004. The Trust was funded by preference shares ("Prefs") issued to Liberty, the proceeds of which were used to buy Liberty shares. The Trust owns 5,159,229 Liberty shares, representing a 1.8% shareholding in Liberty.