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Tue 16 Feb 2010, 7:45 ZSA - Zurich Insurance Company South Africa - Implementation of the
ZSA
ZSA                                                                             
ZSA - Zurich Insurance Company South Africa - Implementation of the             
Transaction                                                                     
ZURICH INSURANCE COMPANY SOUTH AFRICA LIMITED                                   
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1965/006764/06)                                               
Share code: ZSA & ISIN: ZAE000094496                                            
("Zurich" or "the Company")                                                     
IMPLEMENTATION OF THE TRANSACTION                                               
Zurich shareholders are referred to the announcement released on SENS dated 3   
December 2009, wherein it was advised that a transaction has been concluded     
between Zurich`s major shareholders in terms of which SA Fire House Limited (a  
subsidiary of Zurich Insurance Company Limited, Switzerland) had disposed of    
Zurich shares constituting 15.1% of the issued share capital of the Company to  
Royal Bafokeng Finance (Proprietary) Limited ("RBF") (a company wholly owned    
by Royal Bafokeng Holdings), increasing the shareholding of RBF in the Company  
to 25.1%.("the transaction").                                                   
Zurich is pleased to advise that the conditions precedent to the transaction    
have been fulfilled and that the transaction has been implemented.              
Johannesburg                                                                    
16 February 2010                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 16/02/2010 07:45:02 Produced by the JSE SENS Department.                  
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