SANLAM LIMITED - Completion Of The Disposal Of Sanlams Operations In Large Stand-Alone Retirement Fund Administration

Completion Of The Disposal Of Sanlam’s Operations In Large Stand-Alone Retirement Fund Administration

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”)

COMPLETION OF THE DISPOSAL OF SANLAM’S OPERATIONS IN LARGE STAND-ALONE
RETIREMENT FUND ADMINISTRATION

Shareholders are referred to the announcement released by Sanlam on the Stock Exchange
News Service of the JSE Limited on 6 December 2021, regarding the disposal by Sanlam Life
Insurance Limited of its large stand-alone retirement fund administration (the “EB Stand-alone
Administration Business”) operations to Alexander Forbes Financial Services (Proprietary)
Limited, an indirect wholly owned subsidiary of Alexander Forbes Group Holdings Limited
(“Alexforbes”) as a going concern (the "Transaction").

The board of directors of Sanlam wish to advise shareholders that all of the suspensive conditions
to the Transaction are now fulfilled and the parties will therefore proceed to implement the
Transaction in accordance with its terms. The effective date of the Transaction is 1 November
2022.

1 November 2022


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

Sponsor to Sanlam
The Standard Bank of South Africa Limited

Legal Advisers to Sanlam
Norton Rose Fulbright South Africa
Nortons Inc

Date: 01-11-2022 08:00:00
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