Santam Limited (JSE:SNT) News - Results of The Annual General Meeting

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
JSE Share Code: SNT & ISIN ZAE000093779
Company code: BISAN
NSX share code: SNM
(‘Santam’ or the ‘Company’)

RESULTS OF THE ANNUAL GENERAL MEETING

Santam shareholders are advised that at the annual general meeting (‘AGM’) of Santam held on 1
June 2022, all the ordinary and special resolutions were passed by the requisite majority of votes.
The Company’s total number of shares in issue eligible to vote was 110,183,439and the total
number of shares represented in person or by proxy at the meeting was 101,478,057 representing
92.10% of the eligible shares.

      The voting for each resolution was as follows:


                                       Votes for          Votes                  % Votes          Total votes
                                       and as a          against and         abstained as         And Shares
                                       percentage        as a                       a              voted as a
                                       of the total      percentage            percentage       percentage of
                                       number of         of the total         of the total          the total
                                       shares voted       number of               issued         issued share
                                       at the            shares              share capital           capital
                                       meeting           voted at the
                                                         meeting



Ordinary resolution no 1:               89,585,743     11,883,840                               101,469,583
to reappoint PwC as auditors                88.29%         11.71%               0.01%                92.09%

Ordinary resolution no 2:              101,028,588        441,928                               101,470,516
re-election of PB Hanratty                  99.56%          0.44%               0.01%                92.09%
as a director

Ordinary resolution no 3:              101,273,324        197,192                               101,470,516
re-election of AM Mukhuba                   99.81%          0.19%               0.01%                92.09%
as a director

Ordinary resolution no 4:               97,482,422      3,928,579                               101,411,001
re-election of MLD Marole                   96.13%          3.87%               0.06%                92.04%
as a director

Ordinary resolution no 5:               98,121,599         21,114                                98,142,713
retirement of MJ Reyneke                    99.98%          0.02%               3.03%                89.07%
as a director

Ordinary resolution no 6:              100,300,616      1,170,500                               101,471,116
election of NT Moholi                       98.85%          1.15%               0.01%                92.09%
as a director

Ordinary resolution no 7:              100,328,875      1,141,641                               101,470,516
election of DEH Loxton as a director        98.87%          1.13%               0.01%                92.09%
                                                                                          

Ordinary resolution no 8:              100,495,646        974,870                               101,470,516
election of M Chauke as a                   99.04%          0.96%               0.01%                92.09%
director

Ordinary resolution no 9:                100,496,563       973,953                              101,470,516
election of CD da Silva as a director         99.04%         0.96%              0.01%                92.09%


Ordinary resolution no 10:               101,161,488       309,028                              101,470,516
re-election of HD Nel as a director           99.70%         0.30%              0.01%                92.09%

Ordinary resolution no 11:               100,968,307       502,209                              101,470,516
re-election of MP Fandeso as a                99.51%         0.49%              0.01%                92.09%
member of the audit committee

Ordinary resolution no 12:                99,159,543      2,310,973                             101,470,516
re-election of PE Speckmann as a              97.72%          2.28%             0.01%                92.09%
member of the audit committee

Ordinary resolution no 13:                99,468,711      2,001,805                             101,470,516
election of DEH Loxton as member of           98.03%          1.97%             0.01%                92.09%
the audit committee

Ordinary resolution no 14:               100,307,123      1,162,462                             101,469,585
election of M Chauke as member of             98.85%         1.15%              0.01%                92.09%
the audit committee

Ordinary resolution no 15:                93,373,721      8,096,783                             101,470,504
approval of the company’s                     92.02%         7.98%              0.01%                92.09%
remuneration policy

Ordinary resolution no 16:                93,809,418      7,660,155                             101,469,573
approval of the company’s                     92.45%          7.55%             0.01%                92.09%        
implementation report regarding its                                                         
remuneration policy

Special resolution no 1:                  99,357,424      2,112,161                             101,469,585
approval on non-executive                     97.92%          2.08%             0.01%                92.09%
directors’ remuneration

Special resolution no 2:                                                                       
general authority to repurchase          100,774,903       693,449                              101,468,352
Shares                                        99.32%         0.68%              0.01%                92.09%

Special resolution no 3:                  99,569,378      1,900,207                             101,469,585
general approval to grant financial           98.13%         1.87%              0.01%                92.09%
assistance for subscription of
securities

Special resolution no 4.                 101,312,728       156,857                              101,469,585
general approval to grant inter-              99.85%         0.15%              0.01%                92.09%
company financial assistance


Note: The percentage of shares voted is calculated in relation to the number of shares
      represented at the AGM.

       Shareholders are hereby notified that in accordance with the provisions of clause 25.11 of the
       Company’s memorandum of incorporation (‘MOI’) and the JSE Listings Requirements, Mr Tavazina
       Madzinga, who was appointed by the board as an executive director of the Company on 1 April
       2022, automatically ceased to be a director of Santam at the close of the Annual General Meeting
       on 1 June 2022. He was reappointed by the board as an executive director immediately after the
       AGM meeting and will retire and be eligible for election in accordance with the provisions of clause
       25.11 of the Company’s MOI at the 2023 AGM.


Cape Town
2 June 2022

Sponsor
Investec Bank Limited

Date: 02-06-2022 01:30:00
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