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BILB-Voting Results for Written Extraordinary Resolution
The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(“Land Bank”)
1 September 2021
RESULTS OF REQUEST FOR WRITTEN EXTRAORDINARY RESOLUTION OF NOTEHOLDERS IN RE
NOTES ISSUED UNDER THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
2010 DMTN PROGRAMME AND 2017 DMTN PROGRAMME
1. On 2 August 2021, the Land and Agricultural Development Bank of South Africa (the "Issuer" or “Land
Bank”) gave notice to (i) the holders of each class of notes in issue under Land Bank’s
ZAR10,000,000,000 domestic medium term note programme dated 18 October 2010 (the “2010 DMTN
Programme” and those notes, the “2010 DMTN Notes” and those noteholders, the “2010 Noteholders”);
and (ii) the holders of each class of notes in issue under Land Bank’s ZAR30,000,000,000 domestic
medium term note programme dated 13 March 2017 (the “2017 DMTN Programme” and those notes,
the “2017 DMTN Notes” and those noteholders, the “2017 Noteholders”) requesting approval/consent,
of (i) 2010 Noteholders; and (ii) 2017 Noteholders, on a Note-by-Note basis, for:
1.1. the delisting from the Interest Rate Market of the JSE of, on a Note-by-Note basis, all the 2010
Notes and all the 2017 Notes; and, should the Issuer so desire, the deregistration from the Interest
Rate Market of the JSE of the 2010 DMTN Programme and the 2017 DMTN Programme;
1.2. in the case of the 2017 Notes only, the waiver by the 2017 Noteholders of their rights to enforce
in accordance with Condition 10.8 (Redemption in the event of a failure to maintain a JSE Listing
and Rating);
1.3. once the relevant notes have been delisted and the relevant waivers in paragraph 1.2 (if
applicable) have been granted, the amendment of the relevant notes to delete all requirements
that require JSE approval/consent or require notification be given to the JSE in relation to any of
the terms and conditions of the relevant notes; and
1.4. the amendment and restatement of the relevant notes.
2. Noteholders were given until 31 August 2021 to vote on the relevant extraordinary resolution.
3. The details of the results of the voting were as follows:
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COMPANY LAND & AGRI DEV BANK OF SA
CORPORATE ACTION Consent
RECORD DATE 02/08/2021
2010 DMTN
ISIN ZAG000139890
BOND CODE LBK15
RD HOLDINGS 1,213,801,840
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 1,209,919,840.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 1,209,919,840.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 1,209,919,840.00 0.00 0.00
RESOLUTION 3
2017 DMTN
ISIN ZAG000142795
BOND CODE LBK18
RD HOLDINGS 646,210,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 634,347,800.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 634,347,800.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 634,347,800.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 634,347,800.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000144627
BOND CODE LBK20
RD HOLDINGS 701,280,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 606,416,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 606,416,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 606,416,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 606,416,000.00 0.00 0.00
RESOLUTION 4
3
ISIN ZAG000146317
BOND CODE LBK22
RD HOLDINGS 499,840,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 405,592,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 405,592,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 405,592,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 405,592,000.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000146325
BOND CODE LBK23
RD HOLDINGS 537,725,608
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 529,660,508.57 3,889,853.00 40,490.00
RESOLUTION 1
EXTRAORDINARY 529,660,508.57 3,889,853.00 40,490.00
RESOLUTION 2
EXTRAORDINARY 529,660,508.57 3,889,853.00 40,490.00
RESOLUTION 3
EXTRAORDINARY 529,660,508.57 3,889,853.00 40,490.00
RESOLUTION 4
ISIN ZAG000147364
BOND CODE LBK24
RD HOLDINGS 708,869,080
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 655,273,079.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 655,273,079.00 0.00 0.00
RESOLUTION2
EXTRAORDINARY 655,273,079.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 655,273,079.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000150327
BOND CODE LBK26
RD HOLDINGS 215,600,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 207,680,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 207,680,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 207,680,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 207,680,000.00 0.00 0.00
RESOLUTION 4
4
ISIN ZAG000150335
BOND CODE LBK27
RD HOLDINGS 1,777,603,468
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 1,771,638,970.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 1,771,638,970.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 1,771,638,970.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 1,771,638,970.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000151275
BOND CODE LBK28
RD HOLDINGS 814,000,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 811,993,600.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 811,993,600.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 811,993,600.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 811,993,600.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000151853
BOND CODE LBK29
RD HOLDINGS 673,200,002
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 660,799,442.99 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 660,799,442.99 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 660,799,442.99 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 660,799,442.99 0.00 0.00
RESOLUTION 4
ISIN ZAG000154196
BOND CODE LBK30
RD HOLDINGS 269,640,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 260,480,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 260,480,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 260,480,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 260,480,000.00 0.00 0.00
RESOLUTION 4
5
ISIN ZAG000154204
BOND CODE LBK31
RD HOLDINGS 809,744,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 796,031,261.30 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 796,031,261.30 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 796,031,261.30 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 796,031,261.30 0.00 0.00
RESOLUTION 4
ISIN ZAG000155243
BOND CODE LBK32
RD HOLDINGS 440,000,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 440,000,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 440,000,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 440,000,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 440,000,000.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000155953
BOND CODE LBK33
RD HOLDINGS 661,200,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 656,500,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 656,500,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 656,500,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 656,500,000.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000158064
BOND CODE LBK35
RD HOLDINGS 880,000,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 880,000,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 880,000,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 880,000,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 880,000,000.00 0.00 0.00
RESOLUTION 4
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ISIN ZAG000160532
BOND CODE LBK36
RD HOLDINGS 176,000,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 176,000,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 176,000,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 176,000,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 176,000,000.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000160540
BOND CODE LBK37
RD HOLDINGS 704,000,000
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 704,000,000.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 704,000,000.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 704,000,000.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 704,000,000.00 0.00 0.00
RESOLUTION 4
ISIN ZAG000166240
BOND CODE LBK38
RD HOLDINGS 451,747,644
RESOLUTIONS FOR AGAINST ABSTAIN
EXTRAORDINARY 448,910,653.00 0.00 0.00
RESOLUTION 1
EXTRAORDINARY 448,910,653.00 0.00 0.00
RESOLUTION 2
EXTRAORDINARY 448,910,653.00 0.00 0.00
RESOLUTION 3
EXTRAORDINARY 448,910,653.00 0.00 0.00
RESOLUTION 4
4. All extraordinary resolutions were approved by the relevant Noteholders.
5. Further communication with the market will follow in due course.
Enquiries
Land and Agricultural Development Bank of South Africa
Ayanda Kanana, Chief Executive Officer
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Khensani Mukhari, Chief Financial Officer
Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 074 159 6833
Dorothy Kobe, General Manager: Treasury - email address: DKobe@landbank.co.za
Debt Sponsor
The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division
(registration number: 1962/000738/06)
Contacts: Ms Natalie Di-Sante
Email: Natalie.di-sante@standardbank.co.za
Tel: +27 (0) 11 721 6125
End
Date: 01-09-2021 08:51:00
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