Sanlam Limited - Dealing in Securities by a Director

Sanlam Limited - Dealing in Securities by a Director                            
REGISTERED NAME: SANLAM LIMITED                                                 
(REGISTRATION NUMBER 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN number: ZAE000070660                                                       
Dealing in Securities by a Director                                             
Name of Non-Executive Director      George Edward Rudman                        
Name of associate or investment     Sanlam Trust                                
manager                                                                         
Class of securities                 Ordinary Shares                             
Date on which transaction           2 November 2006                             
effected                                                                        
Nature of the transaction           Sell                                        
Net price per unit realised         R17.60                                      
Total number of units traded        8442                                        
Total amount                        R148 024.65                                 
Nature and extent of directors"     Indirect and non-beneficial                 
interest in transaction                                                         
Pre-Approval obtained:              Yes                                         
Mr G.E.Rudman is the executor of the estate of the late FBR Welch who held the  
shares during his lifetime.  The estate now wishes to sell the shares.  Mr      
Rudman"s wife has a beneficial interest in the transaction as a beneficiary in  
the estate.                                                                     
06 November 2006                                                                
Sponsor:                                                                        
J.P.Morgan Equities Limited                                                     
Date: 06/11/2006 03:20:57 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department