Sanlam Limited: Dealing in Securities by Directors

Sanlam Limited: Dealing in Securities by Directors                              
Sanlam Limited                                                                  
(Registration number 1959/001562/06)                                            
Share code: SLM     ISIN: ZAE 000028262                                         
14 March 2003                                                                   
In compliance with rule 3.72 to 3.75 of the Listings Requirements of the JSE    
Securities Exchange South Africa, the following information is disclosed:       
Name of  Director                :  G.E. Rudman  (non-executive)                
The class of securities                                                         
(shares, options, etc.)          :  Ordinary Shares                             
The date on which the                                                           
transaction was effected         :  13 March 2003                               
The nature of the transaction                                                   
(buy, sell, etc.)                :  Buy                                         
The price per unit  and total                                                   
amounts involved                 :                                              
                                    No of      Price per      Total             
                                    Shares     share                            
Indirect Beneficial                 17 000     608c           R103 360          
Indirect Non-beneficial             13 000     608c           R 79 040          
Total number of units            :  30 000                                      
The total amount involved        : R182 400                                     
The nature and the extent of the directors" interest in the transaction         
(personal                                                                       
transaction, transaction by beneficial trust, etc.): Beneficial and non-        
beneficial Trusts