Sanlam Limited - Resignation By A Director

Sanlam Limited - Resignation By A Director                                      
SANLAM LIMITED                                                                  
(REGISTRATION NUMBER 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000070660                                                       
Sanlam: Resignation of Mr Vusi Khanyile as non-executive and independent        
director                                                                        
Sanlam announces the resignation of Mr Vusi Khanyile as non-executive and       
independent director on the Boards of Sanlam Limited and Sanlam Life with       
immediate effect.                                                               
Mr Khanyile resigned because of his concern that his independence on the Sanlam 
boards may be compromised through the growing business relationships between    
Sanlam and Thebe Investment Corporation, of which he is the chairman.           
Sanlam has entered into an agreement through which it became a strategic partner
in Thebe"s financial services proposition by acquiring 55% of Safrican, Thebe"s 
life insurance company. Through this transaction, part of Safrican"s            
distribution activities was hived-off in a new entity, Thebe Community Financial
Services, in which Sanlam also holds 30%.                                       
Sponsor:                                                                        
J.P.Morgan Equities Limited                                                     
Date: 30/11/2005 02:31:02 PM Supplied by www.sharenet.co.za                     
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