Update on interest payments The Land and Agricultural Development Bank of South Africa (JSE Code: BILB) (“Land Bank” or “the Issuer”) Interest Payments In the SENS announcement dated 18 June 2020, the Land Bank indicated that it is experiencing liquidity challenges. The Land Bank continues to work towards putting in place a solution to its liquidity requirements. The Land Bank confirms that it will not be in a position to proceed with the interest payments due between the date of this announcement and 31 July 2020 in respect of listed notes issued in accordance with the Terms and Conditions of the Land Bank’s JSE - listed ZAR20 billion DMTN Programme dated 18 October 2010 (the “2010 Programme”). Such failure to pay will, subject to the terms of the 2010 Programme, constitute an event of default under Condition 12 (Events of Default) of the terms and conditions of the listed notes. The following notes are affected: Bond ISIN No Scheduled Interest Interest Payment Payment Code Payment Date Payment Rate Type Amount (R) LBK15 ZAG000139890 13-July 2020 8.600% Interest 29 157 534.24 The Land Bank will make further announcements in respect of interest and principal payments falling due after 31 July 2020 in due course. 9 July 2020 Enquiries Land and Agricultural Development Bank of South Africa Ayanda Kanana, Chief Executive Officer Khensani Mukhari, Chief Financial Officer Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 074 159 6833 Debt Sponsor: The Standard Bank of South Africa Limited Date: 09-07-2020 04:34:00 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.