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SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
(JSE Share Code: SNT & ISIN: ZAE000093779)
NSX share code: SNM
Debt company code: BISAN
(“Santam”) or (“the Company”)
DEALINGS IN SECURITIES: AWARD AND ACCEPTANCE OF SANTAM SHARES
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements and paragraphs 6.42
to 6.45 of the Debt Listings Requirements of the JSE Limited (hereafter collectively referred to
as the “Listings Requirements”), shareholders and noteholders are advised of the following
information regarding the award to, and the acceptance of, Santam shares by the
undermentioned Executive Directors of the Company in terms of an amendment made to the
short-term incentive arrangements pertaining to the deferral of a portion of the performance
bonus payable into restricted Santam shares:
Conditional shares
Acceptance date: 15 March 2023
Nature of transaction: Off-market acceptance of Santam Ltd
shares representing the deferred bonus
component of the 2022 performance bonus
award. The release of these shares on
31 March 2026 is subject to pre-
determined conditions.
Vesting period: 3 years
Class of securities: Ordinary shares
Extent of interest: Direct, beneficial
Clearance Obtained: Yes
Name Designation Number of Market Value Value of award
conditional per share* R
shares
Tavaziva Chadamoyo Executive Director 7,472 275.00 2 054 800
Madzinga
Hendrik David Nel Executive Director 1,754 275.00 482 350
*Shareholders and noteholders are advised that the calculation of the value of these awards is
based upon the closing Santam share price as at 15 March 2023.
The requisite clearances and approvals for the abovementioned transactions have been
obtained in compliance with the Securities Dealing Policies and the relevant procedures of
Santam as well as the Listings Requirements.
CAPE TOWN
16 March 2023
Sponsor: Investec Bank Limited
Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 16-03-2023 16:00:00
