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PRESENTATION TO ANALYSTS SANTAM LIMITED AND ITS SUBSIDIARIES REVIEWED INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2012 NON-EXECUTIVE DIRECTORS Registration number 1918/001680/06 B Campbell, MD Dunn, MP Fandeso, BTPKM Gamedze, ISIN


  1. PRESENTATION TO ANALYSTS SANTAM LIMITED AND ITS SUBSIDIARIES REVIEWED INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2012

  2. NON-EXECUTIVE DIRECTORS Registration number 1918/001680/06 B Campbell, MD Dunn, MP Fandeso, BTPKM Gamedze, ISIN ZAE000093779 GG Gelink, VP Khanyile (Chairman), ML Marole, JP Möller, YG Muthien, J van Zyl JSE share code: SNT NSX share code: SNM EXECUTIVE DIRECTORS TRANSFER SECRETARIES IM Kirk (Chief Executive Offjcer), MJ Reyneke (Chief Financial Offjcer) Computershare Investor Services (Pty) Ltd Y Ramiah 70 Marshall Street, Johannesburg, 2001 PO Box 61051, Marshalltown, 2107 COMPANY SECRETARY Tel: 011 370 5000 Masood Allie Fax: 011 688 7721 www.computershare.com SANTAM HEAD OFFICE AND REGISTERED ADDRESS SPONSOR 1 Sportica Crescent, Tyger Valley, Bellville, 7530 Investec Bank Limited PO Box 3881, Tyger Valley, 7536 Tel: 021 915 7000 Fax: 021 914 0700 www.santam.co.za

  3. Table of contents Financial results 2 - 29 Dividend 30 Santam results contextualised 32 Strategy and focus 36 Reviewed Interim Report for Santam Limited and its subsidiaries for the six months ended 30 June 2012 43 Presentation to Analysts Santam Limited and its subsidiaries Reviewed Interim Report for the six months ended 30 June 2012

  4.           8/30/2012 2

  5. 3

  6. 8/30/2012   •   •  •  •  •  –  –  •  4

  7. 5

  8.     •   •   • •   •   •     •   •   •   •    •  8/30/2012 6

  9. 7

  10.    •  •  •  •   •  •  •  • 8/30/2012                                  8/30/2012 8

  11. 9

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