Retirement of chief financial officer Zurich Insurance Company South Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1965/006764/06) Share code: ZSA ISIN: ZAE000094496 (“Zurich” or “the Company”) RETIREMENT OF CHIEF FINANCIAL OFFICER In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Zurich today announced the retirement of Chief Financial Officer (“CFO”), Pieter Bezuidenhout. After a successful career, Bezuidenhout has decided to pursue personal interests that he has put on hold for many years and will retire from his current role on 31 May 2014. Bezuidenhout will also step down from the following Board sub- committees: the Asset/Liability Management Investment Committee; Social, Ethics and Transformation Committee and the Service Level Agreement Review Committee. Chief Executive Officer, Edwyn O’Neill has confirmed that Bezuidenhout has agreed to consult to Zurich. He will continue to chair and oversee certain strategic investments and subsidiaries as well as strategic projects aimed at delivering sustainable profitable growth. The Company confirmed that it is currently searching for potential candidates who are suited to the role. Bezuidenhout’s successor will be announced in due course. Johannesburg 9 December 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 09/12/2013 01:30:00 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.