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’) In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information is disclosed: DEALINGS IN SECURITIES Name of director : VP Khanyile Category of director : Non-Executive Director Date of acceptance : 20 December 2018 Total number of units : 2 366 Market Value per share : R323.54 Total deemed value : R765 495.64 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 transaction. Delivery of Santam ordinary shares under the Emthunzini BEE Business Partners Trust Pre – Approval Obtained : Yes Name of director : MLD Marole Category of director : Non-Executive Director Date of acceptance : 20 December 2018 Total number of units : 1 093 Market Value per share : R323.54 Total deemed value : R353 629.22 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 transaction. Delivery of Santam ordinary shares under the Emthunzini BEE Business Partners Trust Pre – Approval Obtained : Yes Cape Town 21 December 2018 Sponsor: Investec Bank Limited Date: 21/12/2018 10:30:00 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.