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SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN Bond code: SNT03 ISIN: ZAG000135138 (“Santam” or the “Issuer”) NOTIFICATION OF A FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED DEBT SECURITIES In accordance with the terms and conditions of Santam’s unsecured subordinated callable note programme dated 8 March 2016, as amended or supplemented from time to time, noteholders are herewith advised of the full capital reduction and accrued interest payment on the SNT03 notes. Bond code: SNT03 ISIN: ZAG000135138 Amount before reduction: ZAR 500 000 000.00 Reduction amount: ZAR 500 000 000.00 Amount after reduction: ZAR 0.00 Settlement / redemption amount: ZAR 500 000 000.00 Record date: 11 April 2023 Pay date / early redemption date: 12 April 2023 Interest rate: 11.77% Interest amount due: ZAR 29 425 000.00 Payment date: 12 April 2023 Date Convention: Following Business Day The full capital reduction is due to the early redemption of the listed debt securities by the Issuer, in accordance with the terms and conditions of the SNT03 notes. 6 March 2023 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)
