Tap Issue of R252,000,000 - LBK05 LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA Dated: 15 September 2014 Stock Codes: LBK05 – ZAG000113572 Tap Issue Announcement The JSE Limited has granted a tap issue to the Land and Agricultural Development Bank of South Africa – “LBK05” Senior Unsecured Notes under its Domestic Medium Term Note Programme. Full Note details are as follows: Authorised Programme size R10,000,000,000.00 Total notes in issue R4,318,000,000.00 Bond Code: LBK05 Aggregate Nominal Amount: ZAR252,000,000.00 Coupon Indicator: Floating Rate Trade Type Price Floating Interest Rate 3 Month JIBAR plus 153 bps Issue Price: 99.938597% Maturity Date: 28 February 2019 First Interest Payment Date: 28 November 2014 Interest Payment Dates: 28 February, 28 May, 28 August and 28 November of each year until the Maturity Date Books Close: the period from and including 18 February to 27 February, 18 May to 27 May, 18 August to 27 August and 18 November to 27 November of each year Last day to register: By 17h00 on 26 February, 26 May, 26 August and 26 November of each year Interest Commencement Date: 28 August 2014 Settlement Date: 16 September 2014 Placement Agent: RMB and ABSA Notes will be deposited in the Central Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. For Further information on the Note issued please contact: Alexi Contogiannis SBSA (Sponsor) (011) 721 8003 Date: 15/09/2014 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.