ZSA - Zurich Insurance Company South Africa Limited - Disclosure of significant

ZSA - Zurich Insurance Company South Africa Limited - Disclosure of significant 
holding of Zurich ordinary shares and change to the board of directors          
Zurich Insurance Company South Africa Limited                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1965/006764/06)                                            
Share code: ZSA                                                                 
ISIN: ZAE000094496                                                              
("the Company")                                                                 
DISCLOSURE OF SIGNIFICANT HOLDING OF ZURICH ORDINARY SHARES AND CHANGE TO THE   
BOARD OF DIRECTORS                                                              
In accordance with the JSE Limited Listings Requirements and Section 122 of the 
Companies Act 2008, shareholders are advised of the following:                  
SA Fire House Limited has notified the Company that accounts under its          
management has increased its holding in the Company from 7,179,830 shares to    
10,236,885 shares following the acquisition of Royal Bafokeng Finance (Pty)     
Ltd`s entire shareholding in the Company. As a result, SA Fire House Limited    
holds 84.05% of the voting rights in the Company.                               
CHANGE TO THE BOARD OF DIRECTORS                                                
Pieter Cornelius Rorich, a representative of Royal Bafokeng Finance (Pty) Ltd   
has resigned as a non-executive director of the Company with effect from 25 May 
2012.                                                                           
Johannesburg                                                                    
25 May 2012                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 25/05/2012 12:26:01 Supplied by www.sharenet.co.za                     
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