SLM - Sanlam Limited - Appointment of new directors

SLM - Sanlam Limited - Appointment of new directors                             
Sanlam Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN: ZAE000070660                                                              
("Sanlam")                                                                      
APPOINTMENT OF NEW DIRECTORS                                                    
In accordance with paragraph 3.59 (a) of the JSE Limited Listings               
Requirements, notification is hereby given of the appointment of the            
following Independent Non-Executive Directors on the boards of Sanlam and       
Sanlam Life Insurance Limited ("Sanlam Life") with effect from 28 March 2011.   
-    Ms. Philisiwe Buthelezi                                                    
-    Mr. Philip de Villiers Rademeyer                                           
-    Mr. Christiaan Gerhardus Swanepoel                                         
Ms. Buthelezi, currently the Chief Executive Officer ("CEO") of the National    
Empowerment Fund ("NEF"), was appointed the CEO of NEF in July 2005, bringing   
a diverse knowledge of banking, capital markets and international investment.   
Her experiences encompass both private and public sector activities.  Prior     
to joining the NEF, Ms. Buthelezi worked for a French Investment Bank in        
London, held responsibility for Risk Management Control at the South African    
Reserve Bank and worked in the Treasury division of Standard Corporate and      
Merchant Bank. She was employed by the Department of Trade and Industry         
("DTI") in France and Germany to promote European investment in South Africa.   
In 2002 she returned to South Africa to become the Chief Director of the        
Black Economic Empowerment Unit of the DTI. Ms. Buthelezi is Chairman of        
Group Five Limited and also serves on the board of Mvelaphanda Resources        
Limited. She holds an MBA (Corporate Finance) and completed an MSc              
(Economics:  thesis not defended).                                              
Mr. Rademeyer (63) joined Sanlam in 1998 as Financial Director.  Although he    
retired from Sanlam on 31 October 2006, he served on several Sanlam Business    
Boards and Committees in a non-executive capacity.  He served as Chairman of    
the AHI during 2007. He started his corporate career with the Gencor Group in   
1971 and left in 1993 when he was financial director. Mr. Rademeyer holds a     
CTA (1971) from Unisa and CA (SA) (1972).   He also attended the Stanford       
Executive Programme (1984).                                                     
Mr. Swanepoel (60) joined Sanlam in 1972.   His positions held at Sanlam were   
Senior Pension Actuary (1980-1982), Assistant General Manager:  Group           
Benefits (1982-1985) and Assistant General Manager:  Actuarial (1985-1989).     
He became Chief Actuary on 1 January 1990 and remained in that position until   
he retired in 2005.  He continued as a non-executive director on the board of   
Sanlam Life until June 2006.  He also served on several Sanlam Business         
Boards and Committees as non-executive director since 2006.  Mr. Swanepoel      
holds a BSc. Hons. (1982) from Unisa. He is a Fellow of the Institute of        
Actuaries (having qualified in 1975) and a Fellow of the Actuarial Society of   
South Africa.                                                                   
The board of Sanlam looks forward to the contributions of these independent     
non-executive directors.                                                        
Bellville                                                                       
28 March 2011                                                                   
Sponsor:  Deutsche Securities (SA) (Proprietary) Ltd                            
Date: 28/03/2011 15:59:01 Supplied by www.sharenet.co.za                     
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