Change ion Directorate SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 (JSE Share Code: SNT & ISIN ZAE000093779) NSX share code: SNM Bonds Company code: BISAN (‘Santam’) or (“the Company”) CHANGE IN DIRECTORATE In terms of paragraph 3.59 of the Listing Requirements of the JSE Limited, shareholders are advised of the following changes to the board of directors (“Board”): Mr Grant Gelink will resign as Chairman and Non-Executive Director with effect from 30 June 2018. Mr Gelink has served on the board since 1 June 2012 and as Chairman since 30 May 2013 and has contributed significantly to the success of Santam during his tenure. Mr Gelink served on the Audit, Risk, Nominations, Human Resources and Remuneration and Investment Committees. Management and the Board take this opportunity of thanking him for his loyal and dedicated contribution to the Group. We wish him continued success in the future. The board is pleased to announce the appointment of Mr Vusumuzi (Vusi) Phillip Khanyile as its chairperson with effect from 1 July 2018. Mr Khanyile joined the Santam board as an Independent Non-Executive Director on 23 April 2018, having previously served as a director between April 2010 and May 2013. He also served as Chairman of the Board from 2 June 2010 to 29 May 2013. Mr Khanyile holds a B.Com (Honours) in Accounting and Finance from the University of Birmingham, a Fellowship in Development Finance from Princeton University and an Honorary Doctorate from Walter Sisulu University. He was part of the team that established Thebe Investment Corporation in 1992. The Thebe group, under the leadership of Mr Khanyile has been involved in and awarded several large commercial transactions. Mr Khanyile will serve as a member of Company’s Nominations Committee and Human Resources and Remuneration Committee from 1 July 2018. Mr Junior Ngulube has been appointed to serve as a member of the company’s Social, Ethics and Sustainability Committee with effect from 1 July 2018. Cape Town 29 June 2018 Sponsor: Investec Bank Limited Date: 29/06/2018 03:30:00 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.