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: 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 a director in Sanlam        
securities:                                                                     
Name of director:                 T Mvusi                                       
Designation:                      Chief Executive: Group Market                 
                                 Development                                    
Date of transaction:              18 April 2011                                 
Class of security:                Ordinary shares                               
Nature of transaction:            Grant and acceptance of Restricted            
                                 Shares under Restricted Share Plan             
(long-term retention with performance          

                                 hurdles)                                       
Performance period:               Until 9 March 2016                            
Total number of units:            56 306                                        
Nature and extent of director`s   Direct beneficial                             
interest:                                                                       
Price:                            Rnil                                          
Conditional value:                The conditional value based on the            
market price of a Sanlam share on 18           

                                 April 2011 was R1,540,532.16                   
Prior authority to transact       Yes                                           
obtained:                                                                       
Nature of trade:                  Off-market transaction                        
Bellville                                                                       
20 April 2011                                                                   
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/04/2011 16:14:01 Supplied by www.sharenet.co.za                     
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