THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - Update on Interest Payments BILB

Update on Interest Payments BILB

The Land and Agricultural Development Bank of South Africa

(JSE Code: BILB)

(“Land Bank” or “the Issuer”)

UPDATE ON INTEREST PAYMENTS

Pursuant to the prior announcements, Land Bank wishes to update noteholders holding listed
notes issued under the terms of the Land Bank’s JSE-listed ZAR30 billion DMTN Programme
dated 13 March 2017 and under the terms of the Land Bank’s JSE-listed ZAR20 billion DMTN
Programme dated 18 October 2010.

Interest payments that had already contractually fallen due, will be paid together with any accrued
interest due in respect of such unpaid interest in accordance with the terms of each relevant
underlying agreement; and in addition, unpaid interest that has accrued on unpaid capital will be
paid (each payment being a “Catch-up Interest Payment”). The following interest payments
will be made:




 Books Closed Period:                           The day following the Designated Last Day
                                                to Register until the Designated Interest
                                                Payment Date, both days included.

 Day count convention:                          Per terms of the relevant Note.

 Interest Period:                               All accrued interest from the last scheduled
                                                Interest Payment Date (the Coupon Default
                                                Date) up until the Designated Interest
                                                Payment Date.

 Interest Payment Rate:                         Statutory mora interest = Repo rate (from
                                                time to time) plus 3,5%*

 Designated Last Day to Register:               25 September 2020

 Designated Interest Payment Date:              06 October 2020

 Bond     ISIN No        Coupon         Coupon        Mora Interest   Total Interest
 Code                  Default Date     Default                       Amount Due
                                        Amount
                                          (R)              (R)             (R)
LBK18   ZAG000142795   22-June-2020   15 396 514.38      322 377.70     15 718 892.08
LBK22   ZAG000146317   04-June-2020   11 536 406.79      285 644.59     11 822 051.38
LBK23   ZAG000146325   05-June-2020   13 463 159.01      330 492.89     13 793 651.90
LBK26   ZAG000150327   23-June-2020    4 362 879.45       90 425.16      4 453 304.61
LBK27   ZAG000150335   23-June-2020   39 331 890.41      815 193.84     40 147 084.25
LBK30   ZAG000154196   22-June-2020    5 443 882.52      113 985.95      5 557 868.47
LBK31   ZAG000154204   22-June-2020   17 788 817.53      372 468.60     18 161 286.13
LBK33   ZAG000155953   08-June-2020   16 221 061.64      387 861.14     16 608 922.78
LBK37   ZAG000160540   25-June-2020   15 123 287.67      307 023.46     15 430 311.13
LBK39U  ZAG000167313   23-June-2020   18 711 287.67      387 810.66     19 099 098.33
LBK40Uc ZAG000167305   23-June-2020    7 701 534.25      159 622.21      7 861 156.46
LBK41   ZAG000167164   17-June-2020   16 535 769.45      363 786.93     16 899 556.38




THE TOTAL INTEREST AMOUNT DUE SHALL BE PAID TO THE CSD OR THE
PARTICIPANTS, AS SHOWN IN THE REGISTER ON THE DESIGNATED LAST
DAY TO REGISTER. EACH OF THE PERSONS SHOWN IN THE RECORDS OF
THE CSD AND THE PARTICIPANTS, SHALL LOOK SOLELY TO THE CSD OR
THE PARTICIPANT, AS THE CASE MAY BE, FOR ITS SHARE OF THE TOTAL
INTEREST AMOUNT DUE PAYABLE BY THE ISSUER TO THE REGISTERED
HOLDER OF SUCH UNCERTIFICATED NOTES.

THE RELEVANT BOOKS CLOSED PERIOD FOR THE CATCH-UP INTEREST
PAYMENT IN RESPECT OF EACH NOTE IS SET OUT ABOVE. DURING THE
BOOKS CLOSED PERIOD, TRANSFERS OF THE NOTES WILL NOT BE
REGISTERED. THE REGISTER AND THE RECORDS OF THE CSD AS WELL AS
THE PARTICIPANT AS AT THE END OF THE DESIGNATED LAST DAY TO
REGISTER, WILL BE USED BY THE CSD TO DETERMINE THOSE
NOTEHOLDERS ENTITLED TO RECEIVE ITS SHARE OF THE TOTAL
INTEREST AMOUNT DUE.




* Mora interest has been calculated and applied in accordance with the Prescribed Rate of Interest
Act No.55 of 1975

 Repo Reset           Mora         Effective
    Date            Interest         Date
                     Rate %
   17-Jan-20              9.75     01-Mar-20
   20-Mar-20              8.75     01-May-20
   15-Apr-20              7.75     01-Jun-20
   22-May-20              7.25     01-Jul-20
   24-Jul- 20             7.00     01-Sep-20


25 September 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 Email: rphalatse@landbank.co.za
Tel: 074 159 6833

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

Date: 25-09-2020 03:37:00
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