SANLAM LIMITED - Sanlam Investment Holdings Transaction With Absa Financial Services

Sanlam Investment Holdings Transaction With Absa Financial Services

 Sanlam Limited
 (Incorporated in the Republic of South Africa)
 Registration number 1959/001562/06
 JSE share code: SLM
 A2X share code: SLM
 NSX share code: SLA
 ISIN: ZAE000070660
 (“Sanlam”)


SANLAM INVESTMENT HOLDINGS TRANSACTION WITH ABSA FINANCIAL SERVICES

Sanlam Shareholders are referred to the announcement made on the Stock Exchange News Service of the
JSE Limited on 5 October 2021 in which Sanlam announced the conclusion of agreements with Absa which
will result in Absa Financial Services Limited exchanging its investment management business, Absa
Investments, for a shareholding in Sanlam Investment Holdings Proprietary Limited (the “IM Transaction”).

The directors of Sanlam are pleased to announce that the relevant suspensive conditions have been fulfilled
and the effective date of the IM Transaction is 1 December 2022.

The conclusion of the IM transaction significantly strengthens Sanlam’s asset management offering through
enhanced scale, broader distribution reach and a more holistic range of investment solutions. This is a key
contributor to Sanlam’s strategy of building a fortress position in South Africa.

Following the conclusion of the IM Transaction, SIH is expected to have assets under management,
administration and advice in excess of R1 trillion. This will further enhance SIH’s position as one of South
Africa’s largest black-owned asset managers.


Bellville
1 December 2022

Sponsor to Sanlam
The Standard Bank of South Africa Limited

Legal Adviser to Sanlam
Norton Rose Fulbright South Africa

Enquiries
Sanlam Investor Relations
Phone: +27 21 947 8455
E-mail: ir@sanlam.co.za

Date: 01-12-2022 01:23:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.