SANLAM LIFE INSURANCE LIMITED - Availability of the Annual Financial Statements for the year ended 31 December 2019 - Sanlam Life Insurance Limited

Availability of the Annual Financial Statements for the year ended 31 December 2019 - Sanlam Life Insurance Limited

SANLAM LIFE INSURANCE LIMITED
(the “Company”)

Bond Code:      SLI4
ISIN:           ZAG000138629


AVAILABILITY OF THE AUDITED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 DECEMBER 2019

In terms of section 7.4 of the Debt Listings Requirements of the JSE Limited, investors are
advised that Sanlam Life Insurance Limited’s annual financial statements for the year ended 31
December 2019 are available for viewing and downloading at:

https://www.sanlam.com/investorrelations/downloadscentre/Documents/Sanlam%20Life%20Insur
ance%20Limited%20Annual%20Financial%20Statements/Sanlam_Life_Annual_report_2019.pdf

The annual financial statements of the issuer have been audited by Ernst & Young Inc., who have
issued an unqualified audit opinion.

In terms of section 7.6 (c) of the Debt Listings Requirements of the JSE Limited, investors are
advised of the below restatements in the Annual Financial Statements (refer to note 36 of the
Notes to the annual financial statements):

    -   A new accounting standard was adopted (IFRS 16) in the 2019 financial year;
    -   During the 2019 financial year additional information came to light on the purchase price
        allocation performed for Saham in 2018. The Statement of Financial Position and
        relevant notes have been restated to reflect the changes in measurement.
    -   IAS 1 requires current tax assets to be disclosed on the face of the statement of financial
        position. The Group has reclassified current tax receivable from Trade and Other
        receivables to Taxation in the Group Statement of financial position in the current
        financial statements for the comparative period.


27 March 2020

Debt sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking division

Date: 27-03-2020 05:00:00
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.