BISAN - Notice to Noteholders regarding the Release of the Audited Summary Consolidated Financial Statements SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN (“Santam” or the “Issuer”) Notice To Noteholders Regarding The Release Of The Issuer’s Audited Summary Consolidated Financial Statements For The Year Ended 31 December 2020 Noteholders are referred to the announcement released by the Issuer on the Stock Exchange News Service on 4 March 2021, in relation to its audited summary consolidated financial statements for the year ended 31 December 2020 (the “Results Announcement”). The Results Announcement provided security holders with the key financial results, salient features, key performance highlights and Santam’s response to the impact of COVID-19 in relation to the Issuer’s audited summary consolidated financial statements for the year ended 31 December 2020. Noteholders are advised that: 1. PricewaterhouseCoopers expressed an unmodified review opinion on the audited consolidated financial statements in their report dated 3 March 2021. The full report is available on https://www.santam.co.za/media/2686141/2020-afs.pdf; and 2. The Results Announcement is only a summary of the information in the full audited summary consolidated financial statements announcement (the "full announcement") and any investment decision by noteholders should be based on consideration of the full announcement that was released on 4 March 2021 and which can be found on the Issuer’s website at https://www.santam.co.za/media/2686141/2020-afs.pdf. Copies of the full announcement may also be requested at the company's registered office, at no charge, during office hours at the investor relations department. Noteholders are advised to refer to the Results Announcement for further details in this regard. 4 March 2021 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04-03-2021 08:01:00 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.