THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - Update on interest payments

Update on interest payments

The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(“Land Bank” or “the Issuer”)


Interest Payments

In the SENS announcement dated 01 June 2020, the Land Bank indicated that it is experiencing liquidity
challenges. The Land Bank continues to work towards putting in place a solution to its liquidity requirements.
The Land Bank confirms that it will not be in a position to proceed with the interest or principal payments due
between the date of this announcement and 26 June 2020 in respect of listed notes issued in accordance with
the Terms and Conditions of the Land Bank’s JSE- listed ZAR30 billion DMTN Programme dated 13 March
2017 (the “2017 Programme”). Such failure to pay will, subject to the terms of the 2017Programme, constitute
an event of default under Condition 16 (Events of Default) of the terms and conditions of the listed notes.


The following notes are affected:


 Bond        ISIN No            Scheduled Interest       Interest           Payment        Payment Amount
 Code                           Payment Date             Payment Rate       Type           (R)
 LBK18       ZAG000142795       22-June-2020             8.425%             Interest       15,396,514.38
 LBK30       ZAG000154196       22-June-2020             6.908%             Interest       5,443,882.52
 LBK31       ZAG000154204       22-June-2020             7.508%             Interest       17,788,817.53
 LBK26       ZAG000150327       23-June-2020             7.065%             Interest       4,362,879.45
 LBK27       ZAG000150335       23-June-2020             7.725%             Interest       39,331,890.41
 LBK37       ZAG000160540       25-June-2020             7.500%             Interest       15,123,287.67
 LBK36       ZAG000160532       25-June-2020             6.800%             Interest       3,427,945.21
 LBK36       ZAG000160532       25-June-2020                                Principal      200,000,000.00
 LBK35       ZAG000158064       26-June-2020             7.508%             Interest       18,924,273.97


The Land Bank will make further announcements in respect of interest and principal payments falling due after
26 June 2020 in due course.


18 June 2020


Enquiries
Land and Agricultural Development Bank of South Africa

Ayanda Kanana, Chief Executive Officer
Khensani Mukhari, Chief Financial Officer
Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 074 159 6833
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Debt Sponsor

The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division
(registration number: 1962/000738/06)

Contact:

Ms Natalie Di-Sante
Email: Natalie.di-sante@standardbank.co.za
Tel: +27 (0) 11 721 6125

Date: 18-06-2020 11:15:00
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