Sanlam Limited - Dealing in Securities by Directors

Sanlam Limited - Dealing in Securities by Directors                             
REGISTERED NAME: SANLAM LIMITED                                                 
(REGISTRATION NUMBER 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000070660                                                       
Dealing in Securities by Directors of a Listed Company                          
Notice is hereby given of the following transaction in Sanlam Limited           
securities:                                                                     
Name of Director                   : P. de V. Rademeyer (Executive Director)    
The nature of the transaction      : Delivery of shares and payment in terms of 
deferred delivery option scheme            

The option scheme period           : Granted 09 December 1998                   
Vested                             : 01 January 2005                            
Transaction price                  : R6,00                                      
The date on which the transaction                                               
 was effected                      : 22 December 2005                           
Total number of units              : 145 834                                    
Total amount involved              : R875 004,00                                
Pre-approval obtained              : Yes                                        
Name of Director                   : P. de V. Rademeyer (Executive Director)    
The class of securities                                                         
(shares, options, etc.)            : Ordinary shares                            
The date on which the transaction                                               
was effected                       : 22 December 2005                           
The nature of the transaction                                                   
(buy, sell, etc.)                  : Sale                                       
Total number of units              : 58 287                                     
Transaction price                  : R15,11                                     
Total amount involved              : R880 716,57                                
Pre-approval 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            
Sponsor:                                                                        
J.P.Morgan Equities Limited                                                     
Date: 27/12/2005 07:00:11 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department