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Santam Limited - Dealings in securities                                         
  Santam Limited                                                                  
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1918 / 001680 / 06                                         
  Share code:  SNT   ISIN: ZAE000006854                                           
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Company director         :    JJ Geldenhuys                                     
  Number of shares         :    15 000                                            
  Date of transaction      :    26 March 2004                                     
  Price per share          :    R45.50                                            
  Class of shares          :    Ordinary                                          
  Nature of transaction    :    Sale of shares                                    
  Nature of interest       :    Indirect beneficial                               
  Approval                 :    Approval obtained from Chairman of the Board      
  Date: 29/03/2004 12:18:16 PM Produced by the JSE SENS Department

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