SANTAM LIMITED - Directors dealings

Directors dealings

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No 1918/001680/06)
(Share Code: SNT & ISIN: ZAE000093779)
(“Santam” or “the company’)

In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information is
disclosed:

                                   DEALINGS IN SECURITIES

Name of director             :        Hendrik David Nel
Category of person           :        Executive Director
Date of transaction          :        03 October 2012
Total number of units        :        15 174
Market value per share       :        R164,69
Total deemed value           :        R2 499 006,06
Price paid at acceptance     :        R0.00
The nature and extent of the director's
interest in the transaction:          Direct beneficial
Class of shares              :        Ordinary
Nature of transaction        :        Acceptance of a conditional undertaking under the
                                      Deferred Share Plan and Performance Deferred Share Plan
                                      to receive fully paid-up shares in future should certain pre-
                                      determined retention and performance hurdles be met.
Scheme Period:                        Five years – off market transaction
Pre-Approval Obtained        :        Yes




05 October 2012

Sponsor: Investec Bank Limited

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