Sanlam Limited - Dealing in Securities by Directors

JSE LISTING REQUIREMENTS

Dealing in Securities by Directors of a Listed Company
NOTICE TO THE COMPANY SECRETARY OF SANLAM LIMITED
(FAX NO:  (021)947-3670)

Notice is hereby given of the following transactions in Sanlam Limited
securities:

Name of  Alternate Director                    :  M. FERREIRA

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

The date on which the transaction was effected :  30 April & 3 May 2002
The nature of the transaction (buy, sell, etc.):  Sell
The price per unit  and total amounts involved :

     Selling date    No of shares   Price per unit        Total Amount
     30/04/2002      50 000         R8.81                 R440 500

     03/05/2002      25 000         R9.20                 R230 000

Total number of units                          :  75 000

The total amount involved                      :  R670 500

The nature and the extent of the directors' interest in the transaction
(personal transaction, transaction by beneficial trust, etc.):  Personal
Transaction
M. Ferreira

ALTERNATE DIRECTOR                                DATE:  6 May 2002