Santam Limited -
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No 1918/001680/06)
Share Code : SNT ISIN : ZAE000006854
("Santam" or "the company")
Trading statement and cautionary announcement
In terms of the new Listings Requirements of the JSE Securities Exchange South
Africa ("the JSE") listed companies are required to publish a trading statement
as soon as they become aware that the financial results for the next period to
be reported on will be materially different from those of the previous
corresponding period.
Shareholders are advised that should the current underwriting experience, as
well as general market investment conditions continue, the results for the year
ending 31 December 2003 will be substantially ("substantially" being an increase
equal to or greater than a 30% increase or decrease as defined in the JSE
Listings Requirements) higher than those of last year.
As the forecast financial information has not been reviewed or reported on by
the company"s auditors shareholders are advised to exercise caution when dealing
in Santam"s shares until the release of the preliminary announcement of results
for the year ending 31 December 2003 which are expected to be published on or
about 24 February 2004.
By order of the board
Bellville
25 November 2003
Sponsor : Investec Bank Limited
Date: 25/11/2003 04:51:02 PM Produced by the JSE SENS Department
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