Sanlam Limited - Dealing in Securities by Directors

Sanlam Limited - Dealing 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:                       N.T. Christodoulou (Alternate Executive 
                                        Director)                               
The class of securities                                                         
(shares, options, etc.):                Ordinary shares (Option scheme)         
The option scheme period:               Seven years                             
The option scheme expiry date:          30 April 2004 and 1 January 2006        
The original purchase price:            R6.00                                   
The date on which the                                                           
transaction was effected:               2 April 2004                            
The nature of the transaction                                                   
(buy, sell, etc.):                      Sell                                    
Total number of units:                  458 772                                 
Transaction price:                      R9,30                                   
Total amount involved:                  R4 266 579,60                           
Pre-clearance 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         
Date: 07/04/2004 04:29:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department