Sanlam Group - Director dealings in shares

Sanlam Group - Director dealings in shares                                      
SANLAM GROUP                                                                    
Incorporated in the Republic of South Africa                                    
Registered name: Sanlam Limited                                                 
(Registration number 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000028262                                                       
("Sanlam")                                                                      
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                                  : A.S. du Plessis (Non-       
                                                    executive Director)         
The class of securities (shares, options, etc.)   : Ordinary shares (Option     
                                                    scheme)                     
The option scheme period                          : Five years                  
The option scheme expiry date                     : 28 February 2005            
The original purchase price                       : R6,00                       
The date on which the transaction was effected    : 5 March 2004                
The nature of the transaction (buy, sell, etc.)   : Sell                        
Total number of units                             : 222 222                     
Transaction price                                 : R9,32                       
Total amount involved                             : R2 071 109,04               
Pre-approval obtained                             : Yes                         
The nature and the extent of the directors"                                     
interest in the transaction                                                     
(personal transaction,                                                          
transaction by beneficial trust, etc.)            : Transaction by beneficial   
                                                    trust                       
Name of Director                                  : G.E. Rudman (Non-executive  
                                                    Director)                   
Name of associate/investment manager              : Sanlam Private Investments  
The class of securities (shares, options, etc.)   : Ordinary shares (Option     
                                                    scheme)                     
The option scheme period                          : Five years                  
The option scheme expiry date                     : 30 June 2004                
The original purchase price                       : R6,00                       
The date on which the transaction was effected    : 5 March 2004                
The nature of the transaction (buy, sell, etc.)   : Sell                        
Total number of units                             : 196 666                     
Transaction price                                 : R9,32                       
Total amount involved                             : R1 832 927,12               
Pre-approval obtained                             : Yes                         
The nature and the                                                              
extent of the directors" interest in the                                        
transaction (personal transaction,                                              
transaction by beneficial trust, etc.)            : Personal transaction and    
transaction by beneficial trust                                                 
9 March 2004                                                                    
Date: 09/03/2004 01:48:27 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department