BISAN -Availability of Annual Financial Statements of the Issuer and Update to Information Incorporated by Reference SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN (“Santam” or “the Issuer”) AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND UPDATE TO INFORMATION INCORPORATED BY REFERENCE AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER Bondholders are advised that the annual financial statements of the Issuer for the year ended 31 December 2018 (“the financial statements”) are available for inspection at the Issuer’s registered office. The financial statements of the Issuer have also been made available on the Santam website at https://www.santam.co.za/investor-relations/integrated-report/financial-results-and-reports/ . UPDATE TO INFORMATION INCORPORATED BY REFERENCE Bondholders are further advised that the King IV Application Register of the Issuer (“King IV Register”), incorporated by reference into the Santam ZAR 4 000 000 000 Unsecured Subordinated Callable Note Programme Memorandum dated 13 December 2018, has been updated. The updated King IV Register is available on the following link: https://www.santam.co.za/media/2684738/santam-king-iv-application-register- 28feb2019.pdf . 22 March 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/03/2019 10:35:00 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.