Sanlam corrects beneficial stake in Santam to 61.9% in scheme offer update

Sanlam is seeking to buy the remaining shares in Santam via a scheme at ZAR 505 per share. Sanlam’s beneficial stake was corrected to 68,023,017 shares, equal to 61.9% of issued shares excluding treasury stock. The revision adds 935,587 shares to the scheme pool, lifting total consideration accordingly. Sanlam Life replaced its earlier guarantee with an updated irrevocable, unconditional guarantee covering payment for all scheme shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Santam Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S604908), on October 14, 2026, and is solely responsible for the information contained therein. (C)