SANLAM LIMITED - Sanlam/Santam - Fulfillment of cond precedent to the acquisition of a further 16.6% interest in Saham Finances SA

Sanlam/Santam - Fulfillment of cond precedent to the acquisition of a further 16.6% interest in Saham Finances SA

Sanlam Limited                                         Santam Limited
(Incorporated in the Republic of South Africa)         (Incorporated in the Republic of South Africa)
Registration number 1959/001562/06                     Registration number: 1918/001680/06
JSE share code: SLM                                    JSE share code: SNT
NSX share code: SLA                                    NSX share code: SNM
ISIN: ZAE000070660                                     ISIN: ZAE000093779
(“Sanlam”)                                             ("Santam")


                  FULFILLMENT OF ALL CONDITIONS PRECEDENT TO THE
ACQUISITION OF A FURTHER 16.6% INTEREST IN SAHAM FINANCES S.A. (“SAHAM Finances”) VIA A
                              SUBSCRIPTION FOR SHARES



Shareholders are referred to the joint announcement released by Sanlam and Santam on the Stock Exchange
News Service of the JSE on 14 December 2016, regarding the acquisition of a further 16.6% interest in
SAHAM Finances via a subscription for new shares by Sanlam Emerging Markets Ireland Limited, the wholly-
owned subsidiary of SAN JV (RF) Proprietary Limited, a special purpose vehicle held jointly by Sanlam’s
wholly-owned subsidiary, Sanlam Emerging Markets Proprietary Limited, and Santam (“the Transaction”).

The boards of directors of Sanlam and Santam wish to advise shareholders that all of the conditions precedent
relating to the Transaction have now been fulfilled and the closing process completed. The effective date of
the Transaction is 10 May 2017.

Bellville

11 May 2017

Sponsor to Sanlam                                      Sponsor to Santam
Deutsche Securities (SA) Proprietary Limited           Investec Bank Limited

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