SANTAM LIMITED - Results of the Secondary Offering of Shares in Santam by Central Plaza Investments 112 Proprietary Limited

Results of the Secondary Offering of Shares in Santam by Central Plaza Investments 112 Proprietary Limited

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1918/001680/06)
JSE share code: SNT, NSX share code: SNM
ISIN: ZAE000093779
(“Santam”)



RESULTS OF THE SECONDARY OFFERING OF SHARES IN SANTAM BY CENTRAL PLAZA
INVESTMENTS 112 PROPRIETARY LIMITED (“CENTRAL PLAZA”)


Shareholders are referred to the announcement released by Santam on the stock exchange news service
(“SENS”) operated by the JSE Limited on Wednesday, 13 May 2015 regarding, inter alia, a book build
offering of shares in Santam by Central Plaza (“Book Build”).

Santam is pleased to announce that Central Plaza has successfully priced and closed the Book Build.

The Book Build was oversubscribed and 2 700 000 Santam ordinary shares held by Central Plaza (“Book
Build Shares”) were placed with institutional investors at a price of R215.00 per Book Build Share (“Book
Build Price”).

The Book Build Price represents a discount of 1.4% to the closing price of Santam ordinary shares on
Wednesday, 13 May 2015.

Santam and Central Plaza would like to thank all investors that submitted bids and participated in the Book
Build.

Cape Town
14 May 2015

Investment bank and sponsor to Santam
Investec Bank Limited

Bookrunner to Central Plaza
Investec Bank Limited

Settlement of shares on the South African register will take place will take place within the system
administered by the settlement authority of Strate Proprietary Limited.

This announcement is restricted and is not for release, publication or distribution, in whole or in part, directly
or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction in which such
release, publication or distribution would be unlawful. This announcement is for information purposes only,
does not purport to be full or complete, is subject to change and shall not constitute or form part of an offer or
solicitation of an offer to purchase or subscribe for securities in the United States or any other jurisdiction. No
reliance may be placed for any purpose on the information contained in this announcement or its accuracy or
completeness.

In member states of the European Economic Area (other than the United Kingdom) this announcement is
directed only at persons who are qualified investors (as defined in article 2(1)(e) of EU directive 2003/71/EC
and the relevant implementing rules and regulations adopted by each Member State). In the United Kingdom,
this announcement is directed only at the following persons: investment professionals falling within article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); and
high net worth entities, and other person to whom it may lawfully be communicated, falling within article
49(2)(a) to (d) of the Order.
The shares offered in terms of the Book Build have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold, directly or
indirectly, in the United States, absent registration or an exemption from, or transaction not subject to, the
registration requirements of the Securities Act. There will be no public offer of shares in the United States.

Neither this announcement nor the Book Build constitutes, or is intended to constitute, an offer to the public
in South Africa in terms of the Companies Act, 2008 (Act No. 71 of 2008), as amended.

This announcement has been issued by and is the sole responsibility of Santam. No representation or
warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or
will be accepted by the Bookrunner or by any of its respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available to or
publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

This announcement does not purport to identify or suggest the risks (direct or indirect) which may be
associated with an investment in the securities. Any investment decision to buy securities in the Book Build
must be made solely on the basis of publicly available information which has not been independently verified
by the Bookrunner.

The Bookrunner is acting for Central Plaza only in connection with the Book Build and no one else, and will
not be responsible to anyone other than Central Plaza for providing the protections offered to clients of the
Bookrunner nor for providing advice in relation to the Book Build.

In connection with the Book Build, the Bookrunner and any of its respective affiliates, acting as investors for
their own accounts, may acquire shares and in that capacity may retain, purchase, sell, offer to sell or
otherwise deal for their own accounts in such shares and other securities of Santam or related investments in
connection with the Book Build or otherwise. Accordingly, references to Santam shares being offered,
acquired, placed or otherwise dealt in should be read as including any issue or offer to, or acquisition, placing
or dealing by, the Bookrunner and any of their affiliates acting as investors for their own accounts. The
Bookrunner does not intend to disclose the extent of any such investment or transactions otherwise than in
accordance with any legal or regulatory obligations to do so.

Date: 14/05/2015 08:45:00 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.