THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - Equity Injection and the Provision of further financial information

Equity Injection and the Provision of further financial information

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

Land and Agricultural Development Bank of South Africa: Equity Injection and the Provision of
further financial information

Pursuant to the SENS announcement on 22 September 2020 (and prior announcements in this regard),
Land Bank wishes to update noteholders holding listed notes issued under Land Bank’s JSE-listed
ZAR20 billion DMTN Programme dated 18 October 2010 and its ZAR30 billion DMTN Programme
dated 13 March 2017.

Equity Injection and Capital Reduction Repayment

The Land Bank received the first instalment, comprising R1,5bn, of the circa R3 billion government
equity injection (referred to in the SENS of 07 August 2020) on Friday 11 September 2020. Land Bank
received the second tranche of circa R1,5 billion equity on 30 September 2020.

An amount of R1,8 billion has been set aside and will be retained exclusively for the purposes of
making payment of the part capital reduction payment on the basis described in the SENS of 22
September 2020.

Sharing of Financial Information

In an effort to ensure equitable dissemination of information, Land Bank has established a portal
(“Investor Portal”) where market updates and information regarding the Liability Solution will be
loaded for access by interested parties. Investors will be informed when new material information is
uploaded to the Investor Portal. The Investor Portal can be accessed at
https://landbank.co.za/Investor-Portal or via the “Investors” tab on the www.landbank.co.za website.

Land Bank released packs of financial information on the Investor Portal on 15 September 2020 and
on 22 September 2020. Three further packs of financial information comprising of (a) a summary of
Land Bank’s corporate plan, (b) a presentation made by Land Bank to Parliament’s Select Committee
on Finance on 06 October 2020, and (c) a report comprising the SNG Argen Actuarial Review of
expected credit loss provisioning by Land Bank as at 31 March 2020, will be released on the Investor
Portal on 07 October 2020.

07 October 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: 07-10-2020 02:32:00
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