SLM - Sanlam Limited - Director`s dealings in Sanlam securities

SLM - Sanlam Limited - Director`s dealings in Sanlam securities                 
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")                                                                      
Director`s dealings in Sanlam securities                                        
In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, we hereby advise the following dealings by the company secretary of a  
major subsidiary of Sanlam in Sanlam securities:                                
Company secretary:                   M Lombard                                  
Category:                            Company Secretary: Sanlam Life             
                                    Insurance Limited                           
Class of security:                   Ordinary shares                            
Nature of interest:                  Direct, beneficial                         
Date:                                13 September 2010                          
Nature of transaction:               Acceptance of a conditional                
undertaking under the Deferred Share        

                                    Plan and Performance Deferred Share         
                                    Plan (approved long-term incentive          
                                    plans) to receive fully paid-up             
shares in future should certain             

                                    predetermined retention and                 
                                    performance hurdles be met                  
Total number of units                20 125                                     
Scheme period                        5 years                                    
Scheme expiry date                   1 June 2015                                
                                                                                
Prior authority to transact          Yes                                        
obtained:                                                                       
Bellville                                                                       
13 September 2010                                                               
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 13/09/2010 16:21:01 Supplied by www.sharenet.co.za                     
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