Update on Interest Payments BILB The Land and Agricultural Development Bank of South Africa (JSE Code: BILB) (“Land Bank” or “the Issuer”) UPDATE ON INTEREST PAYMENTS Pursuant to the prior announcements, Land Bank wishes to update noteholders holding listed notes issued under the terms of the Land Bank’s JSE-listed ZAR30 billion DMTN Programme dated 13 March 2017 and under the terms of the Land Bank’s JSE-listed ZAR20 billion DMTN Programme dated 18 October 2010. Interest payments that had already contractually fallen due, will be paid together with any accrued interest due in respect of such unpaid interest in accordance with the terms of each relevant underlying agreement; and in addition, unpaid interest that has accrued on unpaid capital will be paid (each payment being a “Catch-up Interest Payment”). The following interest payments will be made: Books Closed Period: The day following the Designated Last Day to Register until the Designated Interest Payment Date, both days included. Day count convention: Per terms of the relevant Note. Interest Period: All accrued interest from the last scheduled Interest Payment Date (the Coupon Default Date) up until the Designated Interest Payment Date. Interest Payment Rate: Statutory mora interest = Repo rate (from time to time) plus 3,5%* Designated Last Day to Register: 25 September 2020 Designated Interest Payment Date: 06 October 2020 Bond ISIN No Coupon Coupon Mora Interest Total Interest Code Default Date Default Amount Due Amount (R) (R) (R) LBK18 ZAG000142795 22-June-2020 15 396 514.38 322 377.70 15 718 892.08 LBK22 ZAG000146317 04-June-2020 11 536 406.79 285 644.59 11 822 051.38 LBK23 ZAG000146325 05-June-2020 13 463 159.01 330 492.89 13 793 651.90 LBK26 ZAG000150327 23-June-2020 4 362 879.45 90 425.16 4 453 304.61 LBK27 ZAG000150335 23-June-2020 39 331 890.41 815 193.84 40 147 084.25 LBK30 ZAG000154196 22-June-2020 5 443 882.52 113 985.95 5 557 868.47 LBK31 ZAG000154204 22-June-2020 17 788 817.53 372 468.60 18 161 286.13 LBK33 ZAG000155953 08-June-2020 16 221 061.64 387 861.14 16 608 922.78 LBK37 ZAG000160540 25-June-2020 15 123 287.67 307 023.46 15 430 311.13 LBK39U ZAG000167313 23-June-2020 18 711 287.67 387 810.66 19 099 098.33 LBK40Uc ZAG000167305 23-June-2020 7 701 534.25 159 622.21 7 861 156.46 LBK41 ZAG000167164 17-June-2020 16 535 769.45 363 786.93 16 899 556.38 THE TOTAL INTEREST AMOUNT DUE SHALL BE PAID TO THE CSD OR THE PARTICIPANTS, AS SHOWN IN THE REGISTER ON THE DESIGNATED LAST DAY TO REGISTER. EACH OF THE PERSONS SHOWN IN THE RECORDS OF THE CSD AND THE PARTICIPANTS, SHALL LOOK SOLELY TO THE CSD OR THE PARTICIPANT, AS THE CASE MAY BE, FOR ITS SHARE OF THE TOTAL INTEREST AMOUNT DUE PAYABLE BY THE ISSUER TO THE REGISTERED HOLDER OF SUCH UNCERTIFICATED NOTES. THE RELEVANT BOOKS CLOSED PERIOD FOR THE CATCH-UP INTEREST PAYMENT IN RESPECT OF EACH NOTE IS SET OUT ABOVE. DURING THE BOOKS CLOSED PERIOD, TRANSFERS OF THE NOTES WILL NOT BE REGISTERED. THE REGISTER AND THE RECORDS OF THE CSD AS WELL AS THE PARTICIPANT AS AT THE END OF THE DESIGNATED LAST DAY TO REGISTER, WILL BE USED BY THE CSD TO DETERMINE THOSE NOTEHOLDERS ENTITLED TO RECEIVE ITS SHARE OF THE TOTAL INTEREST AMOUNT DUE. * Mora interest has been calculated and applied in accordance with the Prescribed Rate of Interest Act No.55 of 1975 Repo Reset Mora Effective Date Interest Date Rate % 17-Jan-20 9.75 01-Mar-20 20-Mar-20 8.75 01-May-20 15-Apr-20 7.75 01-Jun-20 22-May-20 7.25 01-Jul-20 24-Jul- 20 7.00 01-Sep-20 25 September 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 Email: rphalatse@landbank.co.za 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: 25-09-2020 03:37:00 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.