SANLAM LIMITED - Sanlam Limited Changes to the Executive Committee

Sanlam Limited – Changes to the Executive Committee

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
ISIN: ZAE000070660
(“Sanlam” or the “Group”)


Sanlam Limited – Changes to the Executive Committee

In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders
are advised of the following changes within Sanlam Group’s Executive Management.

   1. Financial Director, Mr Kobus Möller (57), will retire from the executive and board
      with effect from 30 September 2016. Mr Möller will remain employed by Sanlam
      until 31 December 2016. He will continue to serve within the Group in a non-
      executive capacity on subsidiary boards and sub-committees. Mr Möller joined
      Sanlam in 1998 and was appointed as the Group’s Financial Director in 2006.

   2. With effect from 01 October 2016:

          -   Mr Heinie Werth (53), the Chief Executive Officer of Sanlam Emerging
              Markets (SEM) will succeed Mr Möller as the Group’s Financial Director and
              Executive Director of the Sanlam board. A Chartered Accountant, Mr Werth
              also holds an MBA cum laude from the University of Stellenbosch among
              other qualifications. He joined Sanlam in 1998 and has held various
              executive positions including, among others, Financial Director: Sanlam
              Employee Benefits; and Financial Director: Sanlam Life Insurance Limited.

          -   Mr Junior John Ngulube (58) will be appointed to the position of CEO: SEM,
              taking over from Mr Werth. Mr Ngulube joined Sanlam in February 2016 as
              CEO: Sanlam Corporate. He holds a Master of Science in Agriculture from
              the Pennsylvania State University (U.S.A.) and various industry qualifications
              achieved from business schools in South Africa, the United States,
              Singapore and France.
              Prior to joining Sanlam, Mr Ngulube was the CEO of Munich Reinsurance
              Company of Africa (MRoA). Under his leadership, the MRoA Group, which
              writes both life and non-life business in 45 countries across Africa, grew
              profitably, more than doubling its gross written premium income, to just over
              R6 billion in 2015.

        Commenting on the Executive Management changes, Sanlam Group CEO, Mr Ian
        Kirk, said: “We are grateful to Kobus for his consummate professionalism and
        diligent service to Sanlam since 1998. He has been instrumental in our growth over
        the years and has made a significant contribution to the successful implementation
        of our strategy. We look forward to continuing our relationship with him and wish
        him well in his retirement.

        “I wish to also congratulate Heinie and Junior on their appointments. I am confident
        they will continue to add value and play a key role in growing our business.”

        The Group announced that it will inform the market in due course about the
        successor to the CEO: Sanlam Corporate.

Bellville

20 June 2016


Sponsor

Deutsche Securities (SA) Proprietary Limited

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