SNT04 - Notification of a Full Capital Reduction and Accrued Interest Payment of listed debt securities SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN Bond code: SNT04 ISIN: ZAG000144726 (“Santam” or “the Issuer”) NOTIFICATION OF A FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED DEBT SECURITIES In accordance with the terms and conditions of Santam’s unsecured subordinated callable note programme dated 8 March 2016, as amended or supplemented from time to time, noteholders are herewith advised of the full capital reduction and accrued interest payment on the SNT04 notes. Bond code: SNT04 ISIN: ZAG000144726 Amount before reduction: ZAR 1 000 000 000.00 Reduction amount: ZAR 1 000 000 000.00 Amount after reduction: ZAR 0.00 Settlement / redemption amount: ZAR 1 000 000 000.00 Record date: 24 June 2022 Pay date / early redemption date: 27 June 2022 Interest rate: 6.467% Interest amount due: ZAR 16 123 205.48 Interest period: 28 March 2022 to 26 June 2022 Payment date: 27 June 2022 Date Convention: Following Business Day The full capital reduction is due to the early redemption of the listed debt securities by the Issuer, in accordance with the terms and conditions of the SNT04 notes. 26 May 2022 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 26-05-2022 09:48:00 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.