Sanlam Limited - New Executive Appointment

Sanlam Limited - New Executive Appointment                                      
Registered Name: Sanlam Limited                                                 
(Registration Number 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000070660                                                       
NEWS RELEASE: NEW EXECUTIVE APPOINTMENT FOR SANLAM                              
Sanlam today announced the appointment of Ian Kirk (48) as Chief Executive:     
Strategy and Special Projects for the Sanlam Group.  This is a new position on  
Sanlam"s executive committee.  Mr Kirk will assume his duties on 1 June 2006,   
initially being based at Sanlam"s offices in Johannesburg.                      
Mr Kirk is the former Deputy CEO of the Liberty Group and prior to that, he was 
the CEO of Capital Alliance Holdings until it was acquired by the Liberty Group 
in 2004.                                                                        
Johan van Zyl, Sanlam"s Group Chief Executive, says that the creation of this   
new position follows the evolutionary progress of Sanlam"s local and            
international strategic initiatives over the past three years.                  
"Ian has an impressive track record in our industry. His local and international
experience and his qualifications make him a strong candidate for this new      
position.                                                                       
"He will be a key member of our team in the pursuit of our strategy of          
optimising our capital structures, exploring local and international growth     
opportunities, transforming into a world-class financial services group and     
continuously tightening our grip on costs and efficiencies across the Group",   
van Zyl said.                                                                   
23 May 2006                                                                     
Sponsor: J.P.Morgan Equities Limited                                            
Date: 23/05/2006 11:15:39 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department