Resignation of Board member THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA Stock Code: LBK05 ISIN: ZAG000113572 Stock Code: LBK07 ISIN: ZAG000120007 Stock Code: LBK08 ISIN: ZAG000121005 Stock Code: LBK11 ISIN: ZAG000121955 Stock Code: LBK14 ISIN: ZAG000134354 Stock Code: LBK15 ISIN: ZAG000139890 Stock Code: LBK16 ISIN: ZAG000141144 Stock Code: LBK17 ISIN: ZAG000142787 Stock Code: LBK18 ISIN: ZAG000142795 Stock Code: LBK19 ISIN: ZAG000142977 Stock Code: LBK20 ISIN: ZAG000144627 (“the Land Bank”) Resignation of Board member Prof. ASM (Mohammad) Karaan has resigned as a member of the Land Bank Board with effect from 31 August 2017. Prof Karan was in the process of serving his 2nd term of office as member of the Board and his term was due to expire in December 2017 after which he was due to rotate off the Board. In addition, he was the chairperson of the Board Credit and Investment Committee (CIC). Given the resignation, the Board of the Bank has resolved to appoint Ms DN (Dumo) Motau as chairperson of the CIC with effect from 10 August 2017. Ms Motau, who was reappointed to the Board on 1 March 2017 for a second term, has wide experience in Banking, Credit Risk Management and Development Finance, gained from different environments and institutions, spanning the banking, regulatory and supervisory environments, credit risk rating agencies and government policy formulation. Having started her career in the banking sector, focusing on financial analysis and development finance at the Development Bank of Southern Africa, she moved to the South African Reserve Bank to gain an understanding of the regulatory environment within which banks operate. She has developed expertise in risk management, having managed the credit exposures of Government at National Treasury. Following the resignation of Prof. Karaan, the Bank will have 9 non-executive directors and 2 (CEO and CFO) executive directors. The process for the appointment of a replacement for Prof. Karaan has already been initiated and the Bank has had engagements with the Minister of Finance and the National Treasury to ensure that the Board is capacitated with members that have the requisite knowledge and expertise to assist the Board in discharging its duties effectively. An announcement on the appointment of new Board members will be made in due course. 15 August 2017 Comments by: Land and Agricultural Development Bank of South Africa Enquiries: Bennie van Rooy, Chief Financial Officer Tel: 012 686 0914 bvanrooy@landbank.co.za Debt Sponsor The Standard Bank of South Africa Limited Date: 15/08/2017 03:45:00 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.