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Mon 8 Mar 2004, 8:47 DEALINGS IN SECURITIES BY DIRECTOR
SANTAM LIMITED - DEALINGS IN SECURITIES BY DIRECTOR                             
  SANTAM LIMTIED                                                                  
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1918/001680/06                                             
  JSE Share code: SNT                                                             
  ISIN Code: ZAE000006854                                                         
  DEALINGS IN SECURITIES BY DIRECTOR                                              
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Subsidiary company director:       JJ Geldenhuys                                
  Number of shares:                  150 000                                      
  Price per share:                   R27.00    -     50 000 shares                
                                     R15.25    -    100 000 shares                
  Date of transaction:               5 March 2004                                 
  Class of shares:                   Ordinary                                     
  Nature of transaction:             Acquisition of shares in respect of share    
                                     incentive scheme                             
  Nature of interest:                Direct beneficial                            
  Approval:                          Approval obtained from Chairman of the Board 
  Date: 05/03/2004 04:43:01 PM Produced by the JSE SENS Department                
                                                                                  
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