Santam : Dealings in Securities by an 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

JSE Bond Company Code: BISAN ('Santam')

DEALINGS IN SECURITIES BY AN EXECUTIVE DIRECTOR

In compliance with the JSE Limited Listings and Debt Listings Requirements, the following information is disclosed:

Name of director	: Lizé Lambrechts
Category of director	: Executive Director of Santam
Date of transaction	: 30 June 2022
Total number of units	: 12 265
Market Value per share : R251.19
Total deemed value	: R3 080 845.35
Price paid at acceptance: R0.00
Nature of interest	: Direct Beneficial
Class of shares	: Ordinary
Nature of transaction	: Off market transfer of Santam ordinary shares under the Santam Deferred Share
	Plan following her retirement on 30 June 2022
Pre - Approval Obtained: Yes
Name of director	: Lizé Lambrechts
Category of director	: Executive Director of Santam
Date of transaction	: 30 June 2022
Total number of units	: 5 568
Share price	: R251.19
Transaction value	: R1 398 625.92
Nature of interest	: Direct Beneficial
Class of shares	: Ordinary
Nature of transaction	: On market sale of Santam ordinary shares to meet income tax obligations on
	vesting of shares
Pre - Approval Obtained: Yes
Name of director	: Lizé Lambrechts
Category of director	: Executive Director of Santam
Date of transaction	: 30 June 2022
Total number of units	: 22 324
Market Value per share : R251.71
Total deemed value	: R5 619 174.04
Price paid at acceptance: R0.00
Nature of interest	: Direct Beneficial
Class of shares	: Ordinary
Nature of transaction	: Off market transfer of fully paid up Santam shares in terms of a restraint of
	trade agreement concluded in June 2022. These shares are subject to
	certain restrictions
Period of vesting	: 100% in 12 months, subject to adherence to the restrictions

Pre - Approval Obtained: Yes

Name of director	: Lizé Lambrechts
Category of director	: Executive Director of Santam
Date of transaction	: 30 June 2022
Total number of units	: 41 921
Market Value per share : R251.01
Total deemed value	: R10 522 590.21
Price paid at acceptance: R0.00
Nature of interest	: Direct Beneficial
Class of shares	: Ordinary
Nature of transaction	: Off market transfer of Santam ordinary shares from Santam Minimum
	Shareholding Requirement Plan ("MSRP") account following her retirement on 30
	June 2022
Pre - Approval Obtained: Yes
Name of director	: Lizé Lambrechts
Category of director	: Executive Director of Santam
Date of transaction	: 30 June 2022
Total number of units	: 19 032
Share price	: R251.01
Transaction value	: R4 777 222.32
Nature of interest	: Direct Beneficial
Class of shares	: Ordinary
Nature of transaction	: On market sale of Santam ordinary shares to meet income tax obligations on
	release of shares from MSRP

Pre - Approval Obtained : Yes

Cape Town

1 July 2022

Sponsor: Investec Bank Limited

Debt sponsor: Rand Merchant Bank, a division of FirstRand Bank Limited