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Tue 21 Nov 2006, 17:08 Santam Limited - Change in directorate
SNT
 SNT                                                                             
Santam Limited - Change in directorate                                          
SANTAM LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Reg. No 1918/001680/06)                                                        
Share Code: SNT & ISIN: ZAE000006854                                            
("Santam" or "the company")                                                     
SANTAM Limited - Change in Directorate                                          
Ms Raisibe Kgomaraga Morathi and Mr Jeremy Rowse have been appointed to the     
Board as a Non Executive Directors with effect from 20 November 2006.  Mr EA    
Moolla has resigned as a Non Executive Director from the Santam Limited board   
with effect from 20 November 2006.  We hereby wish to thank him for his         
efficient service and diligent contribution since 23 August 2005.               
Ms Morathi is employed by the IDC and is presently seconded to the Office of the
Deputy President of South Africa as Economic Advisor.  Ms Morathi is a Chartered
Accountant (South Africa) and also holds a Certificate in Advanced Management   
Programme from INSEAD (France) and a Higher Diploma in Taxation from Wits       
University.  Her experience includes structured finance, corporate finance &    
broking and private equity. She will be a great benefit to Santam Limited.      
Mr Rowse was the ex-Chief Executive of African Life Assurance and retired in    
early 2006.  He was instrumental in expanding African Life Assurance business   
into Botswana, Kenya and Namibia.  Mr Rowse has completed a B.Com degree at     
Rhodes University as well as obtaining an MBA from UCT.  He also served as a    
member of the Board of the Life Offices Association of South Africa for over 7  
years, as well as serving on President Kufour"s Ghana Investment Advisory       
Counsel (GIAC) for over 4 years, after being nominated by the World Bank.  He   
will be a great benefit to Santam Limited.                                      
21 November 2006                                                                
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 21/11/2006 05:08:39 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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