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

16 May 2019 - 14:14 PM
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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 the announcement of 14 May 2019 regarding the Banks Acting Chief Executive Officer, the
Land Bank wishes to confirm that Mr. Yatheen Ramrup, the Head of Internal Audit, has been appointed
as Acting CFO to support Mrs. Konehali Gugushe in her capacity of Acting CEO.

Mr. Ramrup is a Chartered Accountant who articled with Ernst & Young and has an extensive financial
services background, having held management positions at Nedbank, Standard Bank and Ubank. He
holds the following qualifications: B Com (UND), B Com Hons (UDW), IEDP (Duke) and CA(SA).

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


16 May 2019
Enquiries
Land and Agricultural Development Bank of South Africa
Konehali Gugushe, Acting Chief Executive Officer
Rebecca Phalatse  Tel: 012 686 0921


Debt Sponsor
The Standard Bank of South Africa Limited

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