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
30 May 2018 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 97 450
262, representing 84,64% of the eligible shares.

The voting for each resolution was as follows:

                                 Votes for      Votes         Votes        Total votes
                                               against      abstained

Ordinary resolution no 1:        91 044 535    6 403 500     2 227         97 448 035
to reappoint PwC as auditors     93.43%        6.57%                       100.00%

Ordinary resolution no 2:        97 252 351    195 684       2 227         97 448 035
re-election of IM Kirk           99.80%        0.20%                       100.00%                                                   
as a director
                    
Ordinary resolution no 3:        97 366 823    79 496        3 943         97 446 319
re-election of MLD Marole        99.92%        0.08%                       100.00%
as a director

Ordinary resolution no 4:        95 413 525      2 034 510   2 227         97 448 035
re-election of MJ Reyneke        97.91%          2.09%                     100.00%
as a director

Ordinary resolution no 5:        97 313 430      134 605     2 227         97 448 035
re-election of HC Werth          99.86%          0.14%                     100.00%
as a director

Ordinary resolution no 6:        97 313 730      134 305     2 227         97 448 035
re-election of L Lambrechts      100.00%         0.14%                     100%
as a director

Ordinary resolution no 7:        97 444 636      1 683       3 943         97 446 319
election of VP Khanyile as       100.00%         0.00%                     100.00%
a director

Ordinary resolution no 8:        97 311 747      136 288     2 227         97 448 035
election of JJ Ngulube as a      99.86%          0.14%                     100.00%
director

Ordinary resolution no 9:        97 385 515      62 520      2 227         97 448 035
re-election of B Campbell as a   99.94%          0.06%                     100.00%
member of the audit committee

Ordinary resolution no 10:       97 383 516      62 803      3 943         97 446 319
re-election of NV Mtetwa as a    99.94%          0.06%                     100.00%
member of the audit committee

Ordinary resolution no 11:        95 251 540     2 196 495    2 227         97 448 035
re-election MJ Reyneke as a       97.75%         2.25%                      100.00%
member of the audit committee

Ordinary resolution no 12:        96 219 095     1 228 940    2 227         97 448 035
re-election of PE Speckmann as    98.74%         1.26%                      100.00%
a member of the audit committee

Ordinary resolution no 13:        87 502 644     9 944 250    3 368         97 446 894
approval of the company’s         89.80%         10.20%                     100%
remuneration policy

Ordinary resolution no 14:        84 580 220     112 821 184 48 858         97 401 404
approval of the company’s         86.84%         13.16%                     100.00%
implementation report regarding
its remuneration policy

Special resolution no 1:          97 336 821     80 949       2 492         97 447 770
approval on non-executive         99.92%         0.08%                      100.00%
directors’ remuneration

Special resolution no 2:          96 772 014     675 816      2 432         97 447 830
general authority to repurchase   99.31%         0.69%                      100.00%
shares

Special resolution no 3:         99 217 674      230 156      2 432         97 447 830
general approval to provide      99.76%          0.24%                      100.00%
financial assistance to related
companies in connection with the
purchase of securities

Special resolution no 4.         94 217 349     3 230 481     2 432        97 447 830
general approval to provide      96.68%         3.32%                      100.00%
financial assistance to related
corporations for purposes of
funding the activities of the group


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


 Cape Town
 31 May 2018

 Sponsor
 Investec Bank Limited

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