THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - BILB-Important Reminder to Noteholders to Vote

BILB-Important Reminder to Noteholders to Vote

The Land and Agricultural Development Bank of South Africa

(JSE Code: BILB)

(“Land Bank”)



IMPORTANT REMINDER TO THE HOLDERS OF NOTES LISTED UNDER THE 2010 DMTN PROGRAMME
AND THE 2017 DMTN PROGRAMME TO VOTE ON THE EXTRAORDINARY WRITTEN RESOLUTION
REQUIRED TO FACILITATE A 10% CAPITAL REPAYMENT

1.     In the SENS announcement of 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”), seeking the approval
       of the 2010 Noteholders and the 2017 Noteholders to vote on an extraordinary written resolution required
       to facilitate a 10% capital repayment as set out in the SENS announcement of 2 August 2021.

2.     Defined terms used in this SENS announcement shall bear the meaning as defined in the 2010 DMTN
       Programme and the 2017 DMTN Programme, as appropriate, unless inconsistent with the context or
       separately defined herein.

3.     THE 2010 NOTEHOLDERS AND 2017 NOTEHOLDERS ARE HEREBY ENCOURAGED TO RETURN
       THE COMPLETED VOTING DOCUMENTS AS SOON AS POSSIBLE (IN ORDER TO MINIMISE THE
       RECONCILIATION PERIOD) AND NOT TO WAIT UNTIL THE DEADLINE OF 31 AUGUST 2021 TO
       RETURN THE COMPLETED VOTING DOCUMENTS TO THE CSDP.

4.     PLEASE ALSO SEND A COPY OF THE DULY COMPLETED VOTING DOCUMENT TO LAND BANK
       AT THE FOLLOWING EMAIL ADDRESS: TenderOffer@landbank.co.za

5.     Land Bank had sent all notices and extraordinary written resolutions to each noteholder via the CSD on
       2   August 2021, however, for ease of reference, Land Bank has also uploaded each notice and
       extraordinary   resolution   to   the   Land   Bank     Investor   Portal:   https://landbank.co.za/Investor-
       Portal/SitePages/Home.aspx#InplviewHash76eb19a6-2dd9-4cae-9715-
       2866364adbce=Paged%3DTRUE-PagedPrev%3DTRUE-p_SortBehavior%3D0-
       p_Modified%3D20201231%252009%253a55%253a38-p_ID%3D34-PageFirstRow%3D16

6.     It is important to note that under the terms of the DMTN Programmes, the necessary written extraordinary
       resolution must be passed on a note by note basis, therefore a written vote is required from the
       noteholders of each note (i.e. each ISIN) separately.
                                                                                                            2


7.      IF THE WRITTEN EXTRAORDINARY RESOLUTION IS NOT PASSED IN RESPECT OF A
        PARTICULAR NOTE, IT WILL UNFORTUNATELY NOT BE POSSIBLE FOR LAND BANK TO MAKE
        THE PROPOSED 10% CAPITAL REPAYMENT TO HOLDERS OF THAT NOTE.

8.      Where the requisite majority is obtained for a note and the resolution is passed, holders of the note in
        respect of which the resolution was passed will have 10% of their notes redeemed and will thereby receive
        the 10% capital repayment (together with accrued, unpaid interest on the notes redeemed).




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

Dorothy Kobe, General Manager: Treasury- email address: DKobe@landbank.co.za



19 August 2021



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: 19-08-2021 04:33:00
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