Trading statement Zurich Insurance Company South Africa Limited (Incorporated in the Republic of South Africa) Registration number 1965/006764/06 ISIN: ZAE000094496 JSE Code: ZSA ("Zurich SA" or "the Company") TRADING STATEMENT In terms of the Listing Requirements of the JSE Limited (“JSE”), companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the financial results of the previous corresponding period. The Company’s underwriting results have deteriorated in the current year when compared to the prior year, due to large losses and significant weather related losses impacting the property and motor portfolios. Earnings per share (“ËPS”) and headline earnings per share (“HEPS”) are likely to be lower than the previous year by more than 90%. A range cannot be accurately estimated at this stage and shareholders are advised that a further trading statement will be issued in due course to provide earnings forecast ranges for EPS and HEPS as required by the JSE Listing Requirements. Shareholders are advised that the above information has not been reviewed and reported on by the Company’s external auditors. Johannesburg 14 January 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/01/2013 05:00:00 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.