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Mon 20 Jan 2003, 16:47 SANTAM LIMITED - DIRECTORS DEALINGS IN SECURITIES
Santam Limited                                                                  
Incorporated in the Republic of South Africa                                    
(Registration number: 1918/001680/06)                                           
Share Code:SNT ISIN: ZAE000006854                                               
("Santam")                                                                      
In compliance with Rules 3.72 - 3.75 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Non-executive director      :  Dr N M Magau                                     
Number of shares            :  100                                              
Date of transaction         :  20 January 2003                                  
Average price per share     :  R33.10                                           
Class of shares             :  Ordinary                                         
Nature of transaction       :  Purchase                                         
Nature of interest          :  Direct beneficial                                
Reason                      :  Purchase of qualification shares in terms of     
                               article 39 of Santams Articles of Association.   
Date: 20/01/2003 04:36:42 PM Produced by the JSE SENS Department
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