SANTAM LIMITED - Further Cautionary Announcement

Further 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”)

Further Cautionary Announcement

Reference is made to the JSE Limited Stock Exchange News Service (“SENS”) further cautionary
announcement released by Sanlam Limited (“Sanlam”) earlier today in which Sanlam announced that
it and Allianz SE continue to explore various strategic options in relation to their respective 
African business units (excluding South Africa).

Further to the cautionary announcement released by Santam on SENS on 22 December 2021, 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 continue 
exercising caution when dealing in Santam's securities until a further announcement in this regard is made.

3 February 2022
Sponsor: Investec Bank Limited

Date: 03-02-2022 08:05:00
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