LAND & AGRICULTURAL DEV BANK OF SA - Changes to the Board

Changes to the Board

The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(“the Land Bank”)


Non-Executive Directors (NEDS) of the Land Bank Board

Further to the SENS announcement of 19 January 2018, the Land Bank is pleased to announce the
reappointment of the following Non-Executive Directors of the Land Bank Board for a period of three
years with effect from 1 June 2018:

 -   Mr MA Moloto (Chairperson of the Board)
 -   Ms D Hlatshwayo (Newly appointed Deputy Chairperson of the Board;
     Chairperson of the Land Bank Insurance Companies’ Boards)
 -   Ms SA Lund (Chairperson of the Risk and Governance Committee)

In addition, the Land Bank wishes to thank Prof. ASM Karaan (resigned 31 August 2017) and
Ms. N Zwane (term expires 30 June 2018) for their services and contributions as Non-Executive
Directors of the Land Bank during an extended period. Dr. S Cornelius and Mr. M Makgoba have been
appointed as new Board members for a period of three years as replacements to the outgoing Non-
Executive Directors.
Dr. S Cornelius is a veterinarian with a science background and extensive management experience in
the agricultural and biological fields. He holds the following qualifications: BSc(Hons) (Wits), BVMCh
(Medunsa), BVSc (Hons) (UP), SEP (Harvard/Wits), MRSB (London), MinstDir(SA). Dr. Cornelius
furthermore holds a directorship in Onderstepoort Veterinary Pharmaceuticals.
Mr. M Makgoba is development specialist and hold the following qualifications: B.Agric (University of
Limpopo), B. Agric (Hons) (University of Limpopo), Masters of Development Studies (University of
Freestate), Masters of Town and Regional Planning (University of Freestate). Mr. Makgoba holds no
other directorships.


Changes to Board Sub Committees

Noteholders are advised that the Land Bank’s Human Resources & Social and Ethics (HR&SEC)
Committee has been split into two separate Board sub-committees, namely:
1. Human Capital Committee; and
2. Social and Ethics Committee.
Although the membership of these two sub-committees has not changed from the previous HR&SEC
Committee, the rational for the split of the committee was an effort to give greater focus to the sub-
committees on matters relating to Ethics.


29 May 2018
Enquiries
Land and Agricultural Development Bank of South Africa
TP Nchocho, Chief Executive Officer
Bennie van Rooy, Chief Financial Officer
Alleyne Smith – Tel: 012 686 0549
Debt Sponsor
The Standard Bank of South Africa Limited

Date: 29/05/2018 11:53:00 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.