SANTAM LIMITED - Appointment of Santam Chief Executive

Appointment of Santam Chief Executive

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
JSE Share Code: SNT & ISIN: ZAE000093779
A2X Share Code: SNT
NSX Share Code: SNM
(“Santam” or the “Company” or the “Group”)


APPOINTMENT OF SANTAM CHIEF EXECUTIVE


The board of Directors (“Board”) of Santam is pleased to announce the appointment of Tavaziva
(“Tava”) Madzinga to succeed Lizé Lambrechts as the Santam Group Chief Executive. He will be
appointed as an Executive Director to the Board with effect from 1 April 2022 and Chief Executive with
effect from 1 July 2022. Tava joins Santam from Britam Holdings, a diversified investment business
listed on the Nairobi Securities Exchange, where he was the Group Managing Director. His
appointment was approved by the Board as well as the Prudential Authority in South Africa. The Board
confirms that Tava’s appointment was made in accordance with the Santam policy for selection and -
appointment of directors.

Tava is a qualified actuary who has worked in the insurance and broader financial services sector
spanning life, non-life, asset management and banking for the last 20 years. He has worked primarily
in South Africa and Sub-Saharan Africa, in both technical and business leadership roles at country and
regional level. After more than 16 years at Old Mutual, he joined Swiss Re for four years, initially as
Chief Executive for the Middle East and Africa and later Chief Executive for the UK and Ireland, based
in London.

Lizé advised the board in June 2021 of her intention to formally retire during the course of 2022. She
will remain in her role as Chief Executive until 30 June 2022 to facilitate a smooth transition to Tava.

Commenting on the appointment of Tava, the Chair of the Board, Pinky Moholi said: “Tava comes with
excellent insurance experience and business credentials. He will be joining a strong executive team
and we are looking forward to his contribution”.

1 December 2021
Sponsor: Investec Bank Limited

Date: 01-12-2021 02:00:00
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