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NSX - SLM - Sanlam - Result Of General Meeting Relating To The Voluntary Tender Offer Sanlam Limited Incorporated in the Republic of South Africa (Registration number 1959/001562/06) JSE share code: SLM NSX share code: SLA ISIN number: ZAE000070660 ("Sanlam") RESULT OF GENERAL MEETING RELATING TO THE VOLUNTARY TENDER OFFER 1. INTRODUCTION Sanlam shareholders are referred to the Sanlam circular dated 2 April 2007 ("the circular") detailing a voluntary tender offer by Sanlam, through the Sanlam subsidiary, to repurchase in terms of sections 85 to 89 (both inclusive) of the Companies Act No 61 of 1973, as amended, up to a maximum of 125 million Sanlam ordinary shares (representing 5.4% of Sanlam`s current issued ordinary shares), from all Sanlam ordinary shareholders at a strike price determined in the manner set out in the circular, in a price range of R17.00 to R21.00 (both inclusive) per Sanlam ordinary share in increments of R0.50 per Sanlam ordinary share, starting from the minimum price. 2. RESULT OF THE GENERAL MEETING At the general meeting of Sanlam shareholders held on Tuesday, 24 April 2007 the special resolution and the ordinary resolution relating to the specific repurchase were passed without modification by a majority in number representing 97.9% and 97.3% respectively, of the votes exercisable by Sanlam shareholders present and voting at the general meeting in person or by proxy. 3. FULFILLMENT OF SUSPENSIVE CONDITIONS The registration of the special resolution authorising the specific repurchase with the Registrar of Companies will result in the last suspensive condition to render the voluntary tender offer unconditional, being fulfilled. The expected date of such registration is Wednesday, 25 April 2007. A further announcement confirming the registration of the special resolution as well as the salient dates and times relating to the voluntary tender offer (the "unconditionality announcement") will be released on SENS following registration. A combined result of general meeting and unconditionality announcement will be published in the South African and Namibian media on Thursday, 26 April 2007. Bellville 24 April 2007 Financial adviser and transaction Attorneys sponsor Deutsche Securities (SA) Jowell Glyn & Marais (Proprietary) Limited Date: 24/04/2007 13:45:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
