SANLAM LIMITED - DEALING IN SECURITIES BY DIRECTOR

SANLAM LIMITED - DEALING IN SECURITIES BY DIRECTOR                              
Sanlam Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1959/001562/06)                                            
Share code:  SLM                                                                
ISIN No: ZAE000028262                                                           
12 September 2003                                                               
In Compliance with Rule 3.63 to 3.74 of the JSE Securities Exchange SA Listings 
Requirements, the following should be noted:                                    
Name of  Director:                  G.E. Rudman (Non-executive Director)        
The class of securities :           Ordinary shares (Option scheme)             
The option scheme period:           Five years                                  
The option scheme expiry date:      1 October 2003                              
The original purchase price:        R6,00                                       
The date on which the                                                           
transaction was effected:           10 September 2003                           
The nature of the transaction :     Buy                                         
Total number of units:              6 364                                       
Transaction price:                  R6,00                                       
Total amount involved:              R38 184,00                                  
The nature and the extent of the                                                
directors" interest in the                                                      
transaction :                       Indirect non-beneficial                     
Name of Director:                     G.E. Rudman (Non-executive Director)      
The class of securities :             Ordinary shares (Option scheme)           
The option scheme period:             Five years                                
The option scheme expiry date:        1 October 2003                            
The original purchase price:          R6,00                                     
The date on which the transaction                                               
was effected:                         10 September 2003                         
The nature of the transaction :       Sell                                      
Total number of units:                22 370                                    
Selling price:                        R7,75                                     
Total amount involved:                R173 367,50                               
The nature and the extent of                                                    
the directors" interest in the                                                  
transaction :                         Indirect non-beneficial                   
Date: 12/09/2003 12:12:39 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department