PRESS RELEASE - SANLAM ANNOUNCES SENIOR APPOINTMENTS

SANLAMHOF, 29 MARCH 1999
SANLAM HAS ANNOUNCED TWO SENIOR APPOINTMENTS.

CHARL LE ROUX (44), CURRENTLY MANAGING DIRECTOR OF SANLAM HEALTH, HAS BEEN
APPOINTED AS DEPUTY CHIEF EXECUTIVE OF SANLAM PERSONAL FINANCE (SPF).

INUS MARAIS (40), CURRENTLY CHIEF EXECUTIVE OF SANLAM LIFE IS THE NEW SALES
DIRECTOR FOR SPF.   THESE APPOINTMENTS WILL TAKE IMMEDIATE EFFECT.

MARINUS DALING, EXECUTIVE CHAIRMAN OF SANLAM, SAID LE ROUX WILL REMAIN INVOLVED
WITH SANLAM HEALTH IN HIS CAPACITY AS CHAIRMAN OF THE BOARD OF SANLAM HEALTH.
AFTER THE PROBLEMS EXPERIENCED BY SANLAM HEALTH THE PAST TWO YEARS, THE COMPANY
IS ON TRACK, AS INDICATED PREVIOUSLY, TO BREAK EVEN THIS YEAR.  "WITH THE
PROGRESS AT SANLAM HEALTH, IT IS NOW OPPORTUNE TO USE LE ROUX'S ABILITIES ON A
WIDER FRONT," SAID DALING.

JOHAN DU PREEZ (33),  GENERAL MANAGER FOR MEDICAL BENEFITS WHO ASSISTED LE ROUX
DURING THE RECENT TRANSFORMATION OF SANLAM HEALTH, WILL SUCCEED HIM AS MANAGING
DIRECTOR AT SANLAM HEALTH.

IN HIS NEW POSITION AS DEPUTY CHIEF EXECUTIVE, THE FOUR PRODUCT SUPPLIERS IN
SPF - SANLAM LIFE, SANLAM UNIT TRUSTS, SP2 AND SANLAM TRUST - WILL REPORT TO LE
ROUX. HE WAS MANAGING DIRECTOR OF SANLAM UNIT TRUSTS BEFORE TAKING SANLAM
HEALTH THROUGH AN OUTSOURCING AND RECOVERY PHASE AIMED AT BREAKING EVEN THIS
YEAR.

MARAIS WILL LEAD THE SALES ORGANISATION OF SPF WHICH INCLUDES THE ADVISERS
CHANNEL, THE BROKERS CHANNEL, SANLAM DIRECT AND THE SALARIED ADVISERS.
HE HAS PROVEN EXPERTISE IN THE SALES ENVIRONMENT AND WAS, INTER ALIA,

PROVINCIAL GENERAL MANAGER IN KWAZULU-NATAL AND IN GAUTENG. HE INTRODUCED
SEVERAL INNOVATIONS AT SANLAM LIFE.

AS NEW DEPUTY CHIEF EXECUTIVE LE ROUX WILL ASSUME PERSONAL RESPONSIBILITY FOR
SANLAM LIFE AND WILL DECIDE ON A NEW APPOINTMENT IN DUE COURSE.
ISSUED BY SANLAM PERSONAL FINANCE
CONTACT:  PIETER CRONJE ON (021) 947 1793