SANLAM LIMITED - DEALING IN SECURITIES BY DIRECTORS OF A LISTED COMPANY

Notice is hereby given of the following transactions in Sanlam Limited
securities:
Name of  Director:  H.S.C. Bester

The class of securities (shares, options, etc.):  Shares

The date on which the transaction was effected :  21 May and 23 May 2001
The nature of the transaction (buy, sell, etc.):  Sale

The price per unit and total amount involved   :  On 21 May 2001

No. of shares                                  :  40 000

Price per unit                                 :  R10,11

Total amount                                   :  R404 250
On 23 May 2001

No. of shares                                  :  10 000

Price per unit                                 :  R10,20

Total amount                                   :  R102 000
The nature and the extent of the directors'
interest in the transaction (personal
transaction, transaction by beneficial

trust, etc.)                                   :  Transaction by beneficial
                                                  trust: Besma Trust

DATE                                           :  31 May 2001