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 (“Zurich”) CHANGE TO THE BOARD OF DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Zurich today announces the retirement of long-standing Chairman of the Board, Gerard de Rauville, who has reached the retirement age of 70. He is succeeded by Dolly Mokgatle, an Independent Non- Executive Director since 2007 and a member of the Audit and Remuneration Committees and Chairman of Zurich Life SA (a wholly- owned subsidiary of Zurich South Africa). Saad Mered, CEO of Zurich’s Middle East & Africa Region said: “Gerard has made invaluable contributions in his many roles and various functions on the Board over the years. The Board and I would like to thank him for his engagement and commitment during 29 years of dedicated and loyal service to Zurich. We wish Gerard well in his retirement.” He added: “Dolly has been with us for five years and is well placed to take over the leadership role as Chairman in South Africa. We look forward to her stewardship and ongoing contributions to the Board.” Johannesburg 2 November 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/11/2012 09:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.