Santam - Director and Company Secretary dealings in securities SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 {JSE Share Code: SNT & ISIN ZAE000093779) NSX share code: SNM {“Santam”) SANTAM – DIRECTOR AND COMPANY SECRETARY DEALINGS IN SECURITIES Subsequent to the May 2007 broad-based black economic empowerment (“B-BBEE”) transaction in terms of which Central Plaza Investments 112 Proprietary Limited (“Central Plaza”) acquired 10% of Santam’s issued ordinary shares, Santam entered into an agreement with Central Plaza to facilitate the B-BBEE unwind, the details of which were announced on SENS on 13 May and 24 June 2015. As a result of the above mentioned B-BBEE unwind and in compliance with the JSE Limited Listings Requirements, the following information is disclosed: DIRECTOR: Y Ramiah NUMBER OF SHARES ACQUIRED: 800 PRICE PER SHARE: R229.47 DEEMED VALUE OF TRANSACTION: R183 576.00 DATE OF TRANSACTION: 10 May 2016 NUMBER OF SHARES RETAINED: 800 NATURE OF TRANSACTION: Off-market NATURE OF INTEREST Direct Beneficial COMPANY SECRETARY: M Allie NUMBER OF SHARES ACQUIRED: 843 PRICE PER SHARE: R229.47 DEEMED VALUE OF TRANSACTION: R193 443.21 DATE OF TRANSACTION: 10 May 2016 NUMBER OF SHARES RETAINED: 843 NATURE OF TRANSACTION: Off-market NATURE OF INTEREST Direct Beneficial The requisite approval was obtained in terms the Listings Requirements. Cape Town 10 May 2016 Sponsor: Investec Bank Limited Date: 10/05/2016 04:50:00 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.