SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
Company code: BISAN
Bond Code: SNT06
ISIN: ZAG000185711
(“Santam”)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Santam the listing of its SNT06 Unsecured Subordinated Callable Floating Rate
Notes, in terms of its Unsecured Subordinated Callable Note Programme (the “Programme”) dated 10
December 2020, effective 16 May 2022.


Debt Security Code:                         SNT06
ISIN:                                       ZAG000185711
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 1 000 000 000.00
Issue Date:                                 16 May 2022
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 159 basis points for the interest periods
                                            beginning on 16 May 2022 up to 16 May 2027
                                            159 basis points plus 100 additional basis points to be added to
                                            the Reference Rate for the interest periods beginning 17 May
                                            2027 to the Maturity Date
Interest Commencement Date:                 16 May 2022
Interest Rate Determination Date(s):        The first Business Day of each Interest Period, with the first
                                            Interest Rate Determination Date being 11 May 2022
First Interest Payment Date:                16 August 2022
Interest Payment Date(s):                   16 February, 16 May, 16 August and 16 November of each year
                                            until Maturity Date
Last Day to Register:                       By 17h00 on 05 February, 05 May, 05 August and 05 November of
                                            each year until Maturity Date
Books Close:                                06 February, 06 May, 06 August and 06 November of each year
                                            until Maturity Date
Business Day Convention:                    Following Business Day
Callable Date:                              16 May 2027
Maturity Date:                              16 May 2032
Final Maturity Amount:                      100% of the nominal amount
Other:                                      The pricing supplement does not contain additional terms and
                                            conditions or changes to the terms and conditions as contained in
                                            the Programme
Summary of Additional Terms:                Not Applicable

Programme Amount:                           ZAR 4 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 2 500 000 000.00, exclusive of this issuance of notes
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank
                                            Division
12 May 2022

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)