Appointment of Independent Non-Executive Director 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”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that Mr Monwabisi Fandeso (“Monwabisi”) has been appointed to the Santam board as an Independent Non-Executive Director with effect from 15 January 2020. Monwabisi holds a Bachelor of Science (Honours) and Master of Business Administration from the University of Wales and the Wharton Business School at the University of Pennsylvania, respectively. He also holds a CSEP from the Columbia Business School. Monwabisi is currently a director of Tiger Brands Limited and Thebe Investment Corporation. He has served as a director on a number of listed and unlisted companies. He also served as a director of Santam from October 2011 to March 2017. We look forward to Monwabisi’s contribution to Santam as an Independent Non-Executive Director and as a member of the Company’s Audit and Risk Committees. Cape Town 16 January 2020 Sponsor: Investec Bank Limited Date: 16-01-2020 03:30:00 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.