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Change In Director Classification And Santam Board Committees
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
LEI: 37890092DC55C7D94B35
JSE Share Code: SNT & ISIN: ZAE000093779
A2X Share Code: SNT
NSX Share Code: SNM
Bond company code: BISAN
("Santam" or the "Company" or the "Group")
CHANGE IN DIRECTOR CLASSIFICATION AND SANTAM BOARD COMMITTEES
In accordance with paragraphs 3.59 and 6.42 of the Listings Requirements and the Debt and
Specialist Securities Listings Requirements of the JSE Limited, the Board of directors of the
Company (the "Board") herewith wishes to advise shareholders and noteholders of the following
changes:
Change in the classification of Mr Junior Ngulube from Non-Executive Director to an
Independent Non-Executive Director
Mr Ngulube, previously categorised as a non-executive director, has been classified as an
independent non-executive director of the Company with effect from 01 December 2024.
The Board, supported by the Nominations Committee, assessed Mr Ngulube's independence
and is satisfied that he meets the requisite requirements of independence, including those as
set out in King IV.
Changes to Board Committees
Following the recent notice to shareholders and noteholders regarding Ms Chauke's resignation
as an independent non-executive director of the Company and as a member of the Social,
Ethics and Sustainability Committee, the Board agreed to appoint Ms Lucia Swartz as an
additional member of the Social, Ethics and Sustanaibility Committee with effect from
01 December 2024.
Ms Swartz holds a BA degree in Psychology and Geography, a diploma in Human Resources
Management as well as an Advanced Management Program qualification which she obtained
from the Henley Business School (UK). Given Ms Swartz's expertise and her years of
experience, she currently also serves as the Chair of the Company's Human Resources and
Remuneration Committee (with effect from 01 June 2023).
Shareholders and noteholders are further advised that the Company's Nominations Committee
will continue to review the suitability of the composition of the Board and its Board Committees,
to ensure that the Board, collectively, has the necessary skills and expertise to operate
efficiently.
TYGERVALLEY, CAPE TOWN
02 December 2024
Sponsor: Investec Bank Limited
Debt Sponsor: FirstRand Bank Limited
NSX Sponsor
Simonis Storm Securities (Pty) Ltd
A member of the Namibian Stock Exchange
Date: 02-12-2024 05:49:00
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