Commencement of legal proceedings by lender and continuation of the Liability Solution The Land and Agricultural Development Bank of South Africa (JSE Code: BILB) (the “Land Bank” or the “Issuer”) Commencement of legal proceedings by lender and continuation of the Liability Solution On 18 August 2020, Standard Chartered Bank served an application out of court on the Land Bank to recover certain debt from the Land Bank. Land Bank is working with its advisers and will be opposing the application. Land Bank continues to engage with its financial creditors as it works towards the Liability Solution as discussed in the SENS announcement released on 7 August 2020. Noteholders and potential investors are advised to continue to exercise caution when dealing in the Land Bank’s notes and securities. Noteholders will be kept appraised of developments. 25 August 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, acting through its Corporate and Investment Banking division (registration number: 1962/000738/06) Contacts: Ms Natalie Di-Sante Email: Natalie.di-sante@standardbank.co.za Tel: +27 (0) 11 721 6125 Date: 25-08-2020 04:30:00 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.