Sanlam Limited - Company Announcement

Sanlam Limited - Company Announcement                                           
Sanlam Limited                                                                  
(Registration number 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000028262                                                       
Sanlam Limited has noted the Announcement Of Firm Intention To Make An Offer    
for all the issued ordinary shares in Sancino Projects Limited ("Sancino"), and 
the Further Cautionary Announcement, issued by Cape Empowerment Trust Limited   
("CET") and dated 20 September 2005.  In paragraph 4 of its Announcement, CET   
refers to "a transaction between CET and Sanlam Life Assurance Company Limited  
(sic)", relating to the sale of "approximately 10% of the ordinary shares in    
Sancino".  Sanlam Limited wishes to record that, although discussions were held 
between representatives of Sanlam Life Insurance Limited and CET, no agreement  
as to the sale of shares in Sancino was concluded between Sanlam Life Insurance 
Limited and CET.                                                                
Belville                                                                        
28 September 2005                                                               
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 28/09/2005 04:50:24 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department