Results of annual general meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 (Share Code: SNT & ISIN ZAE000093779) NSX share code: SNM (‘Santam’) RESULTS OF ANNUAL GENERAL MEETING Santam shareholders are advised that at the annual general meeting of Santam held on 1 June 2016 all the ordinary and special resolutions were passed by the requisite majority of votes. The company’s total number of shares in issue eligible to vote is 115 131 417 and the total number of shares represented in person or by proxy at the meeting was 90 859 484, representing 78.92% of the eligible shares. The voting for each resolution was as follows: Votes for Votes Votes Total votes against abstained Ordinary resolution no 1: 90 859 484 0 0 90 859 484 to adopt financial 100.00% 0.00% 0.00% 100.00% statements Ordinary resolution no 2: 90 817 274 42 210 0 90 859 484 to reappoint auditors 99.95% 0.05% 0.0% 100.00% Ordinary resolution no 3: 86 904 739 3 954 735 0 90 859 484 re-election of MP Fandeso 95.65% Abrahams as a director 96 695 636 4.35% 0.00% 100.00% Ordinary resolution no 4: 90 005 503 853 981 0 90 859 484 re-election of IM Kirk 99.06% 0.94% 0.00% 100.00% as a director Ordinary resolution no 5: 90 859 484 0 0 90 859 484 re-election of MLD Marole 100.00% 0.00% 0.00% 100.00% as a director Ordinary resolution no 6: 90 859 484 94 332 0 90 859 484 re-election of JP Moller 99.90% 0.10% 0.00% 100.00% as a director Ordinary resolution no 7: 90 765 152 94 332 0 90 859 484 re-election of HD Nel as a 99.90% 0.10% 0.00% 100% director Ordinary resolution no 8: 90 859 484 0 0 90 859 484 re-election of B Campbell as a 100.00% 0.00% 0.00% 100.00% member of the audit committee Ordinary resolution no 9: 89 080 215 1 779 269 0 90 859 484 re-election of MP Fandeso as a 98.04% 1.96% 0.00% 100.00% member of the audit committee Ordinary resolution no 10: 90 644 951 214 533 0 90 859 484 re-election GG Gelink as a 99.76% 0.24% 0.00% 100.00% member of the audit committee Ordinary resolution no 11: 90 859 484 0 0 90 859 484 re-election of T Nyoka as a 100.00% 0.00% 0.00% 100.00% member of the audit committee Ordinary resolution no 12: 78 142 068 12 717 416 0 90 859 484 election of MJ Reyneke as a 86.00% 14.00% 0.00% 100% member of the audit committee Ordinary resolution no 13: 79 136 368 11 723 116 0 90 859 484 approval of the company’s 87.10% 12.90% 0.00% 100.00% remuneration policy Special resolution no 1: 90 817 208 42 276 0 90 859 484 approval on non-executive 99,95% 0.05% 0.00% 100.00% directors’ fees Special resolution no 2: 90 095 828 763 565 0 90 859 484 general authority to repurchase 99.16% 0.84% 0.00% 100.00% shares Special resolution no 3: 88 381 792 2 477 692 0 90 859 484 general approval to provide 97.27% 2.73% 0.00% 100.00% financial assistance to related companies in connection with the purchase of securities Special resolution no 4. 88 381 792 2 477 692 0 90 859 484 general approval to provide 97.27% 2.73% 0.00% 100.00% financial assistance to related corporations for purposes of funding the activities of the group Special resolution no 5: 90 859 418 66 0 90 859 484 To amend the provisions of 99.99% 0.01% 0.00% 100.00% approval to provideof the memorandum incorporation Note: The percentage of shares voted is calculated in relation to the number of shares represented at the AGM. Cape Town 3 June 2016 Sponsor Investec Bank Limited Date: 03/06/2016 11:00:00 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.