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’) DEALINGS IN SECURITIES In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information is disclosed: Name of director : Lize Lambrechts Category of director : Executive Director Date of transaction : 1 September 2016 Total number of units : 13 411 Market Value per share : 206.57 Total deemed value : 2 770 310.27 Price paid at acceptance : R0.00 The nature and extent of the director's interest in the transaction: Direct Beneficial Class of shares : Ordinary Nature of transaction : Off Market Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined retention and performance hurdles be met Pre – Approval Obtained : Yes Person’s name : Masood Allie Category of person : Company secretary Date of transaction : 1 September 2016 Total number of units : 1 210 Market Value per share : 206.57 Total deemed value : 249 949.70 Price paid at acceptance : R0.00 The nature and extent of the interest in the transaction: Direct Beneficial Class of shares : Ordinary Nature of transaction : Off Market Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined retention and performance hurdles be met Pre – Approval Obtained : Yes Name of director : Hendrik David Nel Category of director : Executive Director Date of transaction : 1 September 2016 Total number of units : 4 694 Market Value per share : 206.57 Total deemed value : 969 639.58 Price paid at acceptance : R0.00 The nature and extent of the director's interest in the transaction : Direct Beneficial Class of shares : Ordinary Nature of transaction : Off Market Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined retention and performance hurdles be met Pre – Approval Obtained : Yes Cape Town 2 September 2016 Sponsor: Investec Bank Limited Date: 02/09/2016 02:40:00 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.