SANTAM LIMITED - Results of annual general meeting

Results of annual general meeting

 SANTAM LIMITED
 (Incorporated in the Republic of South Africa)
 Registration number: 1918/001680/06
 (Share Code: SNT & ISIN ZAE000093779)
 NSX share code: SNM
 (‘Santam’)

 RESULTS OF ANNUAL GENERAL MEETING

 Santam shareholders are advised that at the annual general meeting of Santam held on
 1 June 2016 all the ordinary and special resolutions were passed by the requisite
 majority of votes.

 The company’s total number of shares in issue eligible to vote is 115 131 417 and
 the total number of shares represented in person or by proxy at the meeting was 90 859
 484, representing 78.92% of the eligible shares.

 The voting for each resolution was as follows:

                                    Votes for       Votes        Votes        Total votes
                                                    against      abstained

Ordinary resolution no 1:           90 859 484      0            0            90 859 484
to adopt financial                  100.00%         0.00%        0.00%        100.00%
statements

Ordinary resolution no 2:           90 817 274      42 210       0            90 859 484
to reappoint auditors               99.95%          0.05%        0.0%         100.00%

Ordinary resolution no 3:           86 904 739      3 954 735    0            90 859 484
re-election of MP Fandeso           95.65%
Abrahams as a director              96 695 636      4.35%        0.00%        100.00%


Ordinary resolution no 4:           90 005 503      853 981      0            90 859 484
re-election of IM Kirk              99.06%          0.94%        0.00%        100.00%
as a director

Ordinary resolution no 5:           90 859 484      0            0            90 859 484
re-election of MLD Marole           100.00%         0.00%        0.00%        100.00%
as a director

Ordinary resolution no 6:           90 859 484      94 332       0            90 859 484
re-election of JP Moller            99.90%          0.10%        0.00%        100.00%
as a director

Ordinary resolution no 7:           90 765 152      94 332       0            90 859 484
re-election of HD Nel as a          99.90%          0.10%        0.00%        100%
director

Ordinary resolution no 8:           90 859 484      0            0            90 859 484
re-election of B Campbell as a      100.00%         0.00%        0.00%        100.00%
member of the audit committee

Ordinary resolution no 9:           89 080 215      1 779 269    0            90 859 484
re-election of MP Fandeso as a      98.04%          1.96%        0.00%        100.00%
member of the audit committee

Ordinary resolution no 10:          90 644 951     214 533      0             90 859 484
re-election GG Gelink as a          99.76%         0.24%        0.00%         100.00%
member of the audit committee

Ordinary resolution no 11:          90 859 484     0            0             90 859 484
re-election of T Nyoka as a         100.00%        0.00%        0.00%         100.00%
member of the audit committee

Ordinary resolution no 12:          78 142 068     12 717 416   0             90 859 484
election of MJ Reyneke as a         86.00%         14.00%       0.00%         100%
member of the audit committee

Ordinary resolution no 13:          79 136 368     11 723 116   0             90 859 484
approval of the company’s           87.10%         12.90%       0.00%         100.00%
remuneration policy

Special resolution no 1:            90 817 208     42 276       0             90 859 484
approval on non-executive           99,95%         0.05%        0.00%         100.00%
directors’ fees

Special resolution no 2:            90 095 828     763 565      0             90 859 484
general authority to repurchase     99.16%         0.84%        0.00%         100.00%
shares

Special resolution no 3:            88 381 792      2 477 692    0             90 859 484
general approval to provide         97.27%          2.73%        0.00%         100.00%
financial assistance to related
companies in connection with the
purchase of securities

Special resolution no 4.            88 381 792   2 477 692    0             90 859 484
general approval to provide         97.27%       2.73%        0.00%         100.00%
financial assistance to related
corporations for purposes of
funding the activities of the group

Special resolution no 5:          90 859 418     66           0             90 859 484
To amend the provisions of        99.99%         0.01%        0.00%         100.00%
approval to provideof
the memorandum
incorporation



Note: The percentage of shares voted is calculated in relation to the number of shares
represented at the AGM.


Cape Town
3 June 2016

Sponsor
Investec Bank Limited

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