Trading Statement – for the six months ended 30 June 2018 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’) or (“the Company”) TRADING STATEMENT – FOR THE SIX MONTHS ENDED 30 JUNE 2018 Shareholders are advised that Santam expects its headline earnings per share (HEPS) for the six months ended 30 June 2018 to be between 1 000 cps and 1 040 cps (2017: 593 cps). This will be between 69% and 75% higher than that reported for the comparative period in 2017. Earnings per share (EPS) is also expected to be between 1 000 cps and 1 040 cps (2017: 683 cps) which is between 46% and 52% higher. The increase in HEPS and EPS has been driven by significantly improved underwriting results compared to the six months ended June 2017. The net underwriting margin is expected to be slightly above the long-term target range of 4% to 8% of net earned premiums due to improved underwriting conditions during the reporting period. The financial information on which this Trading Statement is based has not been reviewed or reported on by Santam’s external auditors. Santam will release its reviewed results for the period ended 30 June 2018 on 30 August 2018. CAPE TOWN 13 August 2018 Sponsor: Investec Bank Limited Date: 13/08/2018 02:00:00 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.
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