Sanlam Limited - Dealing in Securities by a Director

Sanlam Limited - Dealing in Securities by a Director                            
SANLAM LIMITED                                                                  
(REGISTRATION NUMBER 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number:  ZAE000070660                                                      
Dealing in Securities by a Director of Sanlam Limited                           
In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, notice is 
hereby given of the following transaction in Sanlam Limited securities:         
Name of person giving notice            :  C.G. Swanepoel                       
                                           (Non Executive Director: Sanlam Life)
Name of associate or                                                            
investment manager (if applicable)      :  Sanlam Private Investments           
The class of securities                                                         
(shares, options, etc.)                 :  Ordinary shares                      
The date on which the transaction                                               
 was effected                           :  14 November 2005                     
The nature of the                                                               
transaction (buy, sell, etc.)           :  Sell                                 
Total number of units bought            :  30 000                               
Transaction price                       :  10 000 at R13,15/10 000 at R13,20/10 
                                           000 at R13.10                        
Total amount involved                   :  R394 500                             
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 - direct        
                                             beneficial                         
Date received by the Office of the Company Secretary:  14 November 2005         
15 November 2005                                                                
Sponsor:                                                                        
J.P.Morgan Equities Limited                                                     
Date: 15/11/2005 12:45:25 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department