LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA – BILB-Board Changes

2018/12/07 13:36:00
SENS announcement for JSE listed company: JSE General
                        

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BILB-Board Changes

The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(‘the Land Bank’)

Executive Management

Further to yesterday’s announcement regarding the Land Bank’s Chief Executive
Officer, the Land Bank wishes to confirm that Mr, TP Nchocho has tendered his
resignation. The Board of Directors has accepted TP’s resignation with
immediate effect and expresses its sincere appreciation for the contributions
made by TP and wishes him well with his future endeavours.

Mr. Bennie van Rooy, the Chief Financial Officer, has been appointed as
Acting CEO until such time that a permanent appointment is made.

The Board would like to assure its support and commitment to the Bank during
this time of change and wish Bennie and the rest of the management team well
in continuing to steer the Bank towards its goals and objectives.

7 December 2018

Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the Notes issued please contact:
Kea Sape SBSA (011) 721 5594

Date: 07/12/2018 01:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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