SANTAM LIMITED — Director's Dealing 2026

Mar 18, 2026

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
LEI: 37890092DC55C7D94B35
JSE Share code: SNT & ISIN: ZAE000093779
A2X Share code: SNT
NSX Share code: SNM
Bond Company code: BISAN
("Santam" or the "Company")

DEALINGS IN SECURITIES

In compliance with paragraphs 6.77 to 6.80 of the Listings Requirements and paragraphs 6.45 to 6.48 of the Debt and Specialist Securities Listings Requirements of the JSE Limited (hereafter collectively referred to as the "Listings Requirements"), shareholders and noteholders are advised of the following dealings in securities by the undermentioned Executive Directors:

Executive Director
: Tavaziva Madzinga

Transaction date
: 18 March 2026

Nature of transaction
: Off-market transfer of Santam ordinary shares due for delivery or release in accordance with the Company's Performance Deferred Share Plan ("PDSP") to Santam's Minimum Shareholding Requirement Plan (the "MSRP"), following the pledge of these shares to the Santam MSRP.

Class of securities
: Ordinary shares

Nature and extent of the interest
: Direct Beneficial

Number of shares
: 7,472

Transaction value
: R nil (Deemed value of R3,056,869.92 based on the closing price of R409.11 per share as at 17 March 2026)

Executive Director
: Wikus Olivier

Transaction date
: 18 March 2026

Nature of transaction
: Off-market transfer of Santam ordinary shares due for delivery or release in accordance with the Company's Performance Deferred Share Plan ("PDSP") to Santam's Minimum Shareholding Requirement Plan (the "MSRP"), following the pledge of these shares to the Santam MSRP.

Class of securities
: Ordinary shares

Nature and extent of the interest
: Direct Beneficial

Number of shares
: 3,773

Transaction value
: R nil (Deemed value of R1,543,572.03 based on the closing price of R409.11 per share as at 17 March 2026)

In addition, shareholders and noteholders are also advised of the following dealings in Santam securities:

Executive Director
: Wikus Olivier

Transaction date
: 18 March 2026

Nature of transaction
: Off-market transfer of Santam ordinary shares due for delivery or release in accordance with the Company's Restricted Share Plan ("RSP") and the Bonus Deferral Restricted Share Plan ("Bonus Deferral RSP"), following the pledge of these shares to the Santam MSRP.

Class of securities
: Ordinary shares

Nature and extent of the interest
: Direct Beneficial

Number of shares
: 1,371

Transaction value
: R nil (Deemed value of R560,889.81 based on the closing price of R409.11 per share as at 17 March 2026)

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The requisite advance clearance and approvals for the abovementioned transactions have been obtained in compliance with the Company's Securities Dealing Policy and the relevant procedures of Santam as well as the Listings Requirements.

CAPE TOWN
18 March 2026

JSE Sponsor (Equity and Debt): Investec Bank Limited
NSX Sponsor: Simonis Storm Securities (Pty) Ltd