SANTAM LIMITED - BISAN - Notice to Noteholders regarding release of the Audited Summary Consolidated Financials for 31 December 2019

BISAN - Notice to Noteholders regarding release of the Audited Summary Consolidated Financials for 31 December 2019

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
Company code: BISAN
(“Santam” or “the Issuer”)


NOTICE TO NOTEHOLDERS REGARDING THE RELEASE OF THE ISSUER’S AUDITED SUMMARY
CONSOLIDATED FINANCIAL STATEMENTS AND ORDINARY DIVIDEND DECLARATION FOR THE YEAR
ENDED 31 DECEMBER 2019

Noteholders are referred to the announcement released by the Issuer on the Stock Exchange News
Service on 5 March 2020 in respect of the Issuer’s audited summary consolidated financial statements
for the year ended 31 December 2019 (“summary financial statements”). The summary financial
statements were derived from the audited consolidated financial statements of Santam for the year
ended 31 December 2019 (“the financial statements”).

Noteholders are advised that the audit report on the financial statements of the Issuer was
unqualified, with no modifications applicable.

Furthermore, the Issuer advises noteholders that there were restatements to the previously published
audited consolidated financial statements for the year ended 31 December 2018, which related to the
adjustment of an incorrect allocation between interest income and fair value gains/losses on financial
assets of R708 million. Further detail on these restatements are contained in the summary financial
statements.



5 March 2020

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 05-03-2020 08:02:00
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