LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - BILB-Board Changes

BILB-Board Changes

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


Executive Management


Further to yesterday’s announcement regarding the Land Bank’s Chief Executive
Officer, the Land Bank wishes to confirm that Mr, TP Nchocho has tendered his
resignation. The Board of Directors has accepted TP’s resignation with
immediate effect and expresses its sincere appreciation for the contributions
made by TP and wishes him well with his future endeavours.

Mr. Bennie van Rooy, the Chief Financial Officer, has been appointed as
Acting CEO until such time that a permanent appointment is made.

The Board would like to assure its support and commitment to the Bank during
this time of change and wish Bennie and the rest of the management team well
in continuing to steer the Bank towards its goals and objectives.

7 December 2018

Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the Notes issued please contact:
Kea Sape          SBSA              (011) 721 5594

Date: 07/12/2018 01:36:00 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.