THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - BILB-Results of offer to Buy-Back 12% of Nominal Amount Outstanding

BILB-Results of offer to Buy-Back 12% of Nominal Amount Outstanding

The Land and Agricultural Development Bank of South Africa


(JSE Code: BILB)

(“Land Bank” or the “Issuer”)


For release: 10 February 2021


Results of offer to Buy-Back 12% of nominal amount outstanding on notes issued in terms of Domestic Medium Term Note (“DMTN”) programmes listed
on the JSE and update in respect of LBK22 and LBK36

Results of offer to Buy-Back 12% of nominal amount outstanding on notes issued in terms of DMTN programmes listed on the JSE

In the SENS announcements dated 11 January 2021 and 15 January 2021 (together the “Buy-Bank SENS announcements”), Land Bank extended an invitation to
noteholders to offer to sell 12% of the aggregate Nominal Amount of the Buy-Back Offer Notes, held by each Noteholder, to Land Bank. Defined terms used in this
SENS announcement shall bear the meaning as defined in the Buy-Back SENS announcements.

In relation to the Buy-Back Offer Notes with bond codes LBK15 and LBK18, the Buy-Back Offer Invitation closed for offers to sell at 12pm, on 8 February 2021.

The Buy-Back SENS announcements stipulated that the results of the Buy-Back Offer Invitation would be disclosed to the market by way of a new SENS announcement
within 2 Business Days of the Closing Date.

Accordingly, Land Bank hereby announces the results of the Buy-Back Offer Invitation.

The following nominal amounts were offered per series and Land Bank hereby announces that these offers have been accepted by Land Bank.
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 Bond      ISIN                Contractual          Outstanding       12% of the aggregate          Remaining           Settlement       Settlement Date
 Code                          Maturity Date        Nominal           Nominal Amount (ZAR) of       Outstanding         Amount
                                                    Amount offered    the relevant Notes held by    Nominal
                                                    (ZAR) before      each Noteholder, Tendered     Amount (ZAR)
                                                    the Buy-Back      and accepted                  after the Buy-
                                                    Offer                                           Back Offer
                                                                      (ZAR)


                                                                         2010 DMTN
 LBK15     ZAG000139890        12 October 2021        1 375 000 000                   161 198 160      1 213 801 840      162 108 606    12 February 2021


                                                                         2017 DMTN
 LBK18     ZAG000142795        22 March 2022            733 000 000                    86 790 000         646 210 000       87 591 598   12 February 2021



Settlement of the accepted offers, are scheduled as set out above.

Update in respect of LBK22 and LBK36

In respect of the matured bonds, LBK22 and LBK36, as referred to in the SENS announcements dated 11 January 2021 and 20 January 2021, the settlement date
will be 11 February 2021.




Noteholders and potential investors are advised to continue to exercise caution when dealing in Land Bank’s notes and securities.
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Enquiries

Land and Agricultural Development Bank of South Africa

Attention: GM: Treasury

Re: Land Bank Buy-Back Offer


E-mail address: TenderOffer@landbank.co.za



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




End

Date: 10-02-2021 04:33:00
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