SLM / SLA - Sanlam Limited - Trading Statement

SLM / SLA - Sanlam Limited - Trading Statement                                  
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" or the "Sanlam Group")                                                
Trading Statement                                                               
In terms of the JSE Limited Listings Requirements a listed company is required  
to publish a trading statement as soon as it is satisfied that a reasonable     
degree of certainty exists that the financial results for the period will differ
by at least 20% from that reported for the previous corresponding period.       
The Sanlam Group achieved sound operating results for the year to 31 December   
2007, with satisfactory growth achieved in Core Earnings and new business       
volumes. Core Earnings per share and the Value of New Life insurance business   
for the year are both expected to be between 25% and 30% up on 2006.            
The slowdown in equity market performance in 2007, relative to the exceptional  
performance in 2006, however, had a negative impact on the level of investment  
returns achieved for the year. In addition to the equity market impact, Santam`s
contribution to Sanlam`s results was also to a lesser extent affected by        
underwriting losses and provisions in Santam`s European operations. Sanlam`s    
Headline Earnings per share, including the IFRS impact of Sanlam shares held by 
the policyholders` funds, are therefore expected to be between 25% and 30% lower
than for the corresponding period in 2006.                                      
The information in this trading statement has not been reviewed or reported on  
by Sanlam`s auditors. The audited results for the year ended 31 December 2007   
are expected to be announced on 6 March 2008.                                   
Bellville                                                                       
29 February 2008                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/02/2008 10:30:01 Supplied by www.sharenet.co.za                     
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