Summary of Amendments Pukwana ya Kganya April 2023

1 SUMMARY OF AMENDMENTS TO YOUR PUKWANA YA KGANYA MEMBERSHIP TERMS AND CONDITIONS AND PUKWANA YA KGANYA INSURANCE CONTRACT 1. IMPORTANT AMENDMENTS TO YOUR PUKWANA YA KGANYA MEMBERSHIP • As a Pukwana ya Kganya member (“ Member ”), we wish to advise you of important amendments to your Pukwana ya Kganya membership (“ Membership ”). • This document is a summary of the most important amendments, however you can review all the amendments fully in the manner as described in paragraph 5 below. • Please note that the amendments will become effective from 1 April 2023 . Your continued payment of your membership contributions to the Trust (“ Membership Contributions ”) will be deemed as your acceptance of these amendments. • All capitalised terms in this summary of amendments notice, shall have the same meaning as set out in your Membership Terms and Conditions Booklet. 2. STATUS OF THIS NOTIFICATION • This summary of amendments notification serves as a notification jointly by Sanlam Developing Markets Limited (“ Sanlam ”) and the trustees of the Kganya Benefits Fund Trust (“ Trust ”) of the amendments to – - your membership terms and conditions; and - the terms of the Pukwana ya Kganya insurance contract (“ the Pukwana ya Kganya Contract ”) offered as part of your Membership. • The summary of amendments notification is made in terms of – - clause 14 of Part I of your Pukwana ya Kganya Contract, in terms of which Sanlam as the insurer of the Pukwana ya Kganya Contract must give at least 31 days notification of the changes, as set out herein; and - clause 15 of the Master Regulations issued by the Trust.