Report on proceedings at the Annual General Meeting Zurich Insurance Company South Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1965/006764/06) Share code: ZSA ISIN: ZAE000094496 ("Zurich South Africa" and "the Company") REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the fiftieth (50th) annual general meeting ("AGM") of the shareholders of the Company held yesterday, 27 May 2015 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, Zurich South Africa confirms the voting statistics from the AGM as follows: Shares voted disclosed Shares abstained as a percentage in disclosed as a Number of shares relation to the total percentage in relation voted Total issued share capital issued share capital to the total issued share capital 11 968 248 12 179 500 98.27% 1.73% Votes carried disclosed as a percentage in relation to the total number of shares voted at the Resolutions meeting For Against Ordinary Resolutions 1. Approval of Annual Financial Statements 100% 0% 2. Appointment of Members retiring by rotation 0% 100% or appointed since the last AGM 2.1 DD Mokgatle 100% 0% 2.2 MN Mbekeni 100% 0% 2.3 Y van Dyk 100% 0% 2.4 CN Molepe 100% 0% 3. Appointment of the Audit Committee members 3.1 S Morris 100% 0% 3.2 DD Mokgatle 100% 0% 3.3 M Mbekeni 100% 0% 3.4 JM Vice 100% 0% 4. Appointment of the Social, Ethics and Transformation Committee members 4.1 MN Mbekeni 100% 0% 4.2 JM Vice 100% 0% 4.3 JE O’Neill 100% 0% 4.4 Y van Dyk 100% 0% 4.5 C Molepe 100% 0% 5. Appointment of the Company’s Auditors 100% 0% 6. Place unissued shares under the control of the 88.5% 11.5% Directors 7. Non binding vote: Remuneration policy 88.5% 11.5% 8. Issue unissued shares for cash 88.5% 11.5% 9. Authority to sign all documents required 100% 0% Special Resolutions 1. Non Executive Director fees 100% 0% 2. Authority to repurchase shares 100% 0% *Total issued share capital is 12 179 500 shares. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Johannesburg 28 May 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/05/2015 12:45:00 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.