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 (“the Company”) TRADING STATEMENT In terms of the Listing Requirements of the JSE Limited, 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 current reporting period will differ by 20% or more from the financial results of the previous corresponding period. Accordingly, shareholders are advised that, for the 6 month interim period to 30 June 2015, the Company is expected to report a R0.1 million consolidated profit after tax, compared to a consolidated loss of R40 million in the 6 month period to 30 June 2014. Earnings per share is expected to be 1 cent, compared to a prior period loss per share of 329 cents (a 100% improvement) and the headline loss per share is expected to be 4 cents (a 99% improvement), compared to a prior period headline loss per share of 620 cents. The Company attributes the expected improvement for the 6 month interim period to 30 June 2015 to continued progress made towards its turnaround strategy initiated at the end of 2013 and to the positive influence of this strategy on the attritional loss ratio. Shareholders are advised that the information contained herein has not been reviewed and reported on by the Company’s external auditors. The Company’s interim financial results for the 6 month period to 30 June 2015 are expected to be released on the Stock Exchange News Service on or about 28 August 2015. Johannesburg 24 July 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/07/2015 09:00:00 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.