Sanlam - Results of General Meeting

Sanlam - Results of General Meeting                                             
Sanlam Group                                                                    
Registered name: Sanlam Limited                                                 
(Registration number: 1959/001562/06)                                           
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000028262                                                       
("Sanlam")                                                                      
RESULTS OF GENERAL MEETING                                                      
1.INTRODUCTION                                                                  
Shareholders of Sanlam are referred to the Sanlam announcement dated Monday, 9  
May 2005, and to the circular to Sanlam shareholders dated Thursday, 19 May 2005
regarding the disposal of the majority of or all of Sanlam"s beneficial         
shareholding of approximately 19% in Absa Group Limited ("Absa") at a price of  
R82.50 per Absa share.                                                          
2.RESULTS OF GENERAL MEETING                                                    
At a general meeting of Sanlam shareholders held at 09:00 on Thursday, 9 June   
2005 the ordinary resolutions tabled at the meeting to give effect to the       
disposal were both approved by 99,17% of the Sanlam shareholders present or     
represented at the meeting.                                                     
3.FINANCIAL EFFECTS                                                             
Shareholders are referred to the pro forma financial effects of the disposal    
released on SENS on Monday, 9 May 2005 and in the circular to Sanlam            
shareholders posted on Thursday, 19 May 2005.                                   
Bellville                                                                       
9 June 2005                                                                     
Financial advisor and transaction sponsor:                                      
Deutsche Securities                                                             
Member of the Deutsche Bank Group                                               
Attorneys:                                                                      
JOWELL GLYN & MARAIS                                                            
Reporting accountants:                                                          
PricewaterhouseCoopers Inc                                                      
Chartered Accountants (SA)                                                      
Registered Accountants and Auditors                                             
(Registration no 1998/012055/21)                                                
and                                                                             
ERNST & YOUNG                                                                   
Chartered Accountants (SA)                                                      
(Registered Accountants and Auditors)                                           
Date: 09/06/2005 11:00:11 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department