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 30 May 2018 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 97 450 262, representing 84,64% of the eligible shares. The voting for each resolution was as follows: Votes for Votes Votes Total votes against abstained Ordinary resolution no 1: 91 044 535 6 403 500 2 227 97 448 035 to reappoint PwC as auditors 93.43% 6.57% 100.00% Ordinary resolution no 2: 97 252 351 195 684 2 227 97 448 035 re-election of IM Kirk 99.80% 0.20% 100.00% as a director Ordinary resolution no 3: 97 366 823 79 496 3 943 97 446 319 re-election of MLD Marole 99.92% 0.08% 100.00% as a director Ordinary resolution no 4: 95 413 525 2 034 510 2 227 97 448 035 re-election of MJ Reyneke 97.91% 2.09% 100.00% as a director Ordinary resolution no 5: 97 313 430 134 605 2 227 97 448 035 re-election of HC Werth 99.86% 0.14% 100.00% as a director Ordinary resolution no 6: 97 313 730 134 305 2 227 97 448 035 re-election of L Lambrechts 100.00% 0.14% 100% as a director Ordinary resolution no 7: 97 444 636 1 683 3 943 97 446 319 election of VP Khanyile as 100.00% 0.00% 100.00% a director Ordinary resolution no 8: 97 311 747 136 288 2 227 97 448 035 election of JJ Ngulube as a 99.86% 0.14% 100.00% director Ordinary resolution no 9: 97 385 515 62 520 2 227 97 448 035 re-election of B Campbell as a 99.94% 0.06% 100.00% member of the audit committee Ordinary resolution no 10: 97 383 516 62 803 3 943 97 446 319 re-election of NV Mtetwa as a 99.94% 0.06% 100.00% member of the audit committee Ordinary resolution no 11: 95 251 540 2 196 495 2 227 97 448 035 re-election MJ Reyneke as a 97.75% 2.25% 100.00% member of the audit committee Ordinary resolution no 12: 96 219 095 1 228 940 2 227 97 448 035 re-election of PE Speckmann as 98.74% 1.26% 100.00% a member of the audit committee Ordinary resolution no 13: 87 502 644 9 944 250 3 368 97 446 894 approval of the company’s 89.80% 10.20% 100% remuneration policy Ordinary resolution no 14: 84 580 220 112 821 184 48 858 97 401 404 approval of the company’s 86.84% 13.16% 100.00% implementation report regarding its remuneration policy Special resolution no 1: 97 336 821 80 949 2 492 97 447 770 approval on non-executive 99.92% 0.08% 100.00% directors’ remuneration Special resolution no 2: 96 772 014 675 816 2 432 97 447 830 general authority to repurchase 99.31% 0.69% 100.00% shares Special resolution no 3: 99 217 674 230 156 2 432 97 447 830 general approval to provide 99.76% 0.24% 100.00% financial assistance to related companies in connection with the purchase of securities Special resolution no 4. 94 217 349 3 230 481 2 432 97 447 830 general approval to provide 96.68% 3.32% 100.00% financial assistance to related corporations for purposes of funding the activities of the group Note: The percentage of shares voted is calculated in relation to the number of shares represented at the AGM. Cape Town 31 May 2018 Sponsor Investec Bank Limited Date: 31/05/2018 04:30:00 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.