Sanlam Limited - Sanlam Limited - Terminates Early Stage Discussions with

Sanlam Limited - Sanlam Limited - Terminates Early Stage Discussions with       
General Electric                                                                
Sanlam Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1959/001562/06)                                            
Share code: SLM                                                                 
ISIN No: ZAE000070660                                                           
("Sanlam" or "the company")                                                     
Sanlam Limited terminates early stage discussions with General Electric (GE)    
regarding acquiring GE Life UK                                                  
In response to the recent media speculation around early stage discussions with 
GE on a possible acquisition of GE Life UK, Sanlam would like to confirm that   
such discussions have been terminated.                                          
Sanlam continues to evaluate alternative options to optimise its use of capital.
Bellville, Cape Town                                                            
26 May 2006                                                                     
Sponsor: J.P.Morgan Equities Limited                                            
Date: 29/05/2006 09:52:33 AM Supplied by www.sharenet.co.za                     
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