SANTAM LIMITED - Results of the General Meeting and Fulfilment of Conditions Precedent

Results of the General Meeting and Fulfilment of Conditions Precedent

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




RESULTS OF THE GENERAL MEETING AND FULFILMENT OF CONDITIONS PRECEDENT


Santam shareholders (“Santam Shareholders”) are referred to the announcement published on the stock
exchange news service of the JSE Limited on 25 May 2015, regarding the posting of a circular (“Circular”)
including a notice of general meeting (“General Meeting”) of Santam Shareholders and are hereby advised that at
the General Meeting held today, Wednesday, 24 June 2015, the ordinary and special resolution contained in the
notice of General Meeting, were passed by the requisite majority of votes of Santam Shareholders present in
person or represented by proxy at the General Meeting.

The total number of shares voted at the General Meeting, in person or by proxy, amounted to 91 079 836 (“Voted
Shares”) representing 76% of the issued share capital of Santam (including treasury shares) (“Santam Shares”)
registered on the record date for the General Meeting (19 June 2015).

Details of the results of voting at the General Meeting are as follows:


                                            Votes in favour                        Votes against

                                                         As a                               As a               Abstentions as
                                                         percentage                         percentage         a percentage
                                          Number         of Voted              Number       Number             Santam Shares
                                                         Shares                             of Voted
                                                                                            Shares
                                                              
 Special resolution

 Specific authority, in terms of the
 Companies Act, 2008 (Act No. 71
 of 2008), the JSE Listings
 Requirements and Santam’s
 memorandum of incorporation for
 the specific repurchase by Santam       91 063 588        99.99%               7 333         0.01%            0.01%
 of an aggregate of 4 215 000
 Santam Shares (“Repurchase
 Shares”) from Central Plaza
 Investments 112 Proprietary
 Limited (“Specific Repurchase”)

 Ordinary resolution

 Authority for directors of Santam to
 take all such action necessary to       9 1063 588        99.99%            7 333           0.01%             0.01%
 implement the Specific
 Repurchase


Furthermore, Santam Shareholders are advised that the Registrar of Short-term Insurance in terms of section 23
of the Short-term Insurance Act, 1998 (Act No. 53 of 1998), as amended, has approved the Specific Repurchase
without any conditions.

All the conditions precedent to the Specific Repurchase have therefore been fulfilled and the Specific
Repurchase is now unconditional. The Repurchase Shares will accordingly be delisted on or about 1 July 2015.

Cape Town
24 June 2015


Investment bank and sponsor
Investec Bank Limited


Legal adviser
Edward Nathan Sonnenbergs Incorporated

Date: 24/06/2015 12:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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