Notification of Increase in Programme Size THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA Stock Code: LBK03 ISIN: ZAG000109554 Stock Code: LBK05 ISIN: ZAG000113572 Stock Code: LBK06 ISIN: ZAG000113762 Stock Code: LBK07 ISIN: ZAG000120007 Stock Code: LBK08 ISIN: ZAG000121005 Stock Code: LBK11 ISIN: ZAG000121955 (“the Land Bank”) NOTIFICATION OF INCREASE IN PROGRAMME SIZE Noteholders are advised that in line with its authority to do so in terms of the provisions of the Programme Memorandum for its ZAR10,000,000,000 Domestic Medium Term Note Programme, the board of directors of the Land Bank, on 1 April 2015, resolved to increase the programme size from ZAR10,000,000,000 to ZAR20,000,000,000 (“Programme Size Increase”). The Programme Size Increase was subject to certain conditions, contained in the Programme Memorandum read with the Programme Agreement, being met in addition to obtaining the approval of the JSE Limited. Noteholders are advised that all the relevant conditions have been met and the requisite approvals obtained and, accordingly, the Programme Size Increase is effective from 3 November 2015. Johannesburg 23 November 2015 Debt Sponsor The Standard Bank of South Africa Limited For further information on the Notes issued please contact: Alexi Contogiannis SBSA (011) 721 8003 Date: 23/11/2015 10:05:00 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.