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Changes to the Composition of the Santam Board and Board Committees
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
LEI: 37890092DC55C7D94B35
JSE Share Code: SNT & ISIN: ZAE000093779
A2X Share Code: SNT
NSX Share Code: SNM
Bond company code: BISAN
("Santam")
CHANGES TO THE COMPOSITION OF THE SANTAM BOARD AND BOARD COMMITTEES
Notice is hereby given to shareholders and noteholders that the Board of directors (the "Board") of
Santam, is pleased to announce the appointment of Mr Michael Fleming ("Michael") as an additional
Independent Non-Executive Director, with effect from 19 June 2026.
This appointment has been made in terms of paragraphs 6.71 and 6.42 of the Listings Requirements
and the Debt and Specialist Securities Listings Requirements of the JSE Limited, after obtaining the
requisite regulatory approval.
Shareholders and noteholders are further advised that Michael is an esteemed and seasoned financial
executive who previously fulfilled, amongst others, the position as the Chief Financial Officer of Clicks
Group Limited and Tiger Brands Limited respectively. He has been a qualified chartered accountant by
profession since 1994 and holds a BCompt (Hons) degree which he obtained from the University of
South Africa in 1992. In addition, Michael currently serves on the Boards of directors of MTN SA (South
Africa), Santam Structured Insurance, Centriq and the MiWay Group of companies.
Notably to also highlight is that Michael's appointment to the Santam Board was primarily made to
enhance the overall skill set of the Board and to further strengthen the Board's collective expertise and
capability. Given his extensive financial, audit and risk expertise, combined with his years of experience
in the consumer goods and services industry, he was also appointed to Santam's Audit Committee and
the Risk Committee with effect from 19 June 2026. The Board, therefore, looks forward to Michael's
contribution including the value that he will be adding to the respective Board Committees.
The Board confirms that in compliance with paragraph 6.73 of the Listings Requirements of the JSE
Limited, a fit and proper assessment has been conducted in relation to Michael and that the Board is
satisfied with the outcome thereof. Santam further confirms that there are no positive statements to
report in respect of the integrity information contained in Michael's director's declaration.
The Board and Board Committees remain compliant with the applicable statutory requirements and
best practice membership criteria. Furthermore, the Board herewith also confirms that it considered and
is satisfied with the competence, qualifications and experience of the aforesaid appointment that had
been made.
CAPE TOWN
23 June 2026
Equity and Debt Sponsor: Investec Bank Limited
NSX Sponsor to Santam
Simonis Storm Securities (Pty) Ltd [a member of the Namibian Securities Exchange]
Date: 23-06-2026 07:05:00
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