SANLAM GROUP - Dealings in securities by directors

SANLAM GROUP - Dealings in securities by directors                              
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:   H.C Werth (Executive Director of Sanlam Life Insurance Ltd) 
The class of securities (shares, options, etc.):       Ordinary shares (Option  
scheme)                                                                         
The option scheme period                          :Seven years                  
The option scheme expiry date                     :1 January 2006               
The original purchase price                       :R6.00                        
The date on which the transaction was effected    :1 April 2004                 
The nature of the transaction (buy, sell, etc.)   :Sell                         
Total number of units                             :150 000                      
Transaction price                                 :R9.25                        
Total amount involved                             :R1 387 500.00                
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                                  :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    :1 April 2004                 
The nature of the transaction (buy, sell, etc.)   :Sell                         
Total number of units                             :111 111                      
Transaction price                                 :R9.20                        
Total amount involved                             :R1 022 221.20                
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    :1 April 2004                 
The nature of the transaction (buy, sell, etc.)   :Sell                         
Total number of units                             :150 000                      
Transaction price                                 :R9.20                        
Total amount involved                             :R1 380 000.20                
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    
2 April 2004                                                                    
Date: 02/04/2004 04:00:09 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department