SANTAM LIMITED - Cautionary Announcement

Cautionary Announcement

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
JSE Share Code: SNT & ISIN: ZAE000093779
NSX share code: SNM
(“Santam” or the “Company” or the “Group”)


Cautionary Announcement

Reference is made to the JSE Limited Stock Exchange News Service (“SENS”) announcement released by
Sanlam Limited (“Sanlam”) earlier today in which Sanlam announced that it and Allianz SE are exploring
various strategic alternatives in relation to their respective African business units (excluding South
Africa). Santam is aware of the ongoing discussion between Sanlam and Allianz SE and is concurrently
considering the strategic alternatives available to it in relation to its investments in Africa (outside South
Africa) held alongside Sanlam.

If these strategic alternatives result in a transaction which is successfully concluded, it may have a
material effect on the price of Santam’s securities. Accordingly, shareholders are advised to exercise
caution when dealing in Santam's securities until a further announcement in this regard is made.


22 December 2021
Sponsor: Investec Bank Limited

Date: 22-12-2021 09:10:00
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