PYK Summary of Amendments 2025

1 SUMMARY OF AMENDMENTS TO YOUR PUKWANA YA KGANYA MEMBERSHIP TERMS AND CONDITIONS AND PUKWANA YA KGANYA INSURANCE CONTRACT WITH EFFECT FROM 1 APRIL 2025 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 changes in the manner as described in paragraph 6 below. • Please note that the amendments will commence with effect from 1 April 2025 . Your continued payment of your membership contributions to the Trust ( “Membership Contributions” ) will be deemed as your acceptance of the changes. • All capitalised terms in this notice, shall have the same meaning as set out in your Membership Terms and Conditions Booklet. 2. STATUS OF THIS NOTIFICATION OF AMENDMENTS • 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: - the Master Regulations; - your Pukwana ya Kganya Membership Terms and Conditions; - the Payment Receipt Booklet; and - the Pukwana ya Kganya Contract, which includes the Summary of Benefits, Conditions, Limitations and Exclusions, and the Disclosure Notice. • This summary of amendments notification is made in terms of (i) clause 21.4.14 of the trust deed of the Trust; (ii) clause 15 of the Master Regulations issued by the Trust; and (iii) clause 14 of the Pukwana ya Kganya Contract.