SANLAM LIMITED - Sanlam to acquire 49% of Malaysian Pacific and Orient Insurance

Sanlam to acquire 49% of Malaysian Pacific and Orient Insurance

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”)

Sanlam to acquire 49% of Malaysian Pacific and Orient Insurance

South African based financial services group Sanlam is pleased to announce that it has received
approval from Bank Negara Malaysia and the Minister of Finance (Malaysia) to acquire a 49%
shareholding in Malaysian short term insurer Pacific & Orient Insurance Co Berhad (POI) from
Pacific & Orient Berhad (POB). The acquisition is subject to the signing of the Sale and Purchase
and Shareholders’ agreements. In addition, approval is also required from the shareholders of
POB.

In terms of the JSE Limited Listings Requirements, this transaction is not a categorised transaction.

Further details will be announced in due course.

The proposed transaction is in line with Sanlam’s stated strategy to pursue profitable growth
opportunities in selected emerging markets and represents Sanlam’s first step into the important
South East Asia region.

Bellville
26 November 2012

Sponsor
Deutsche Securities (SA) Proprietary Limited

ENDS

ABOUT SANLAM GROUP

Sanlam is a leading financial services group listed on the JSE Securities Exchange and the Namibian
Stock Exchange. The South Africa based Sanlam Group conducts its business through Sanlam
Limited, the corporate head office and four business clusters – Retail, Institutional, Short-term
insurance and Corporate. The Group operates in South Africa, Botswana, Nigeria, Ghana, Kenya,
Tanzania, Zambia, Malawi, Uganda, Namibia, India and the United Kingdom. It also has offices in
the USA and Australia. Sanlam provides financial solutions to individuals and institutional clients.
These solutions include personal financial services such as estate planning, trusts, personal loans,
savings and linked products, investment, asset management, stock-broking, risk management and
capital market activities. Established in 1918 as a life insurance company, Sanlam has grown into a
diversified one-stop financial services group. www.sanlam.co.za

ABOUT POI

POI is a non-life insurance company and was established in 1972. It was acquired by POB in 1995,
and is wholly-owned. POB has been listed on the Main Board of the Bursa Malaysia Securities
Berhad since 1995. The controlling shareholder, Mr Chan Thye Seng owns 56.4% of the listed
entity.

Issued by Sanlam Group Communication

For further enquiries, please contact Ainsley Moos, Head of Group Communication at Sanlam:

   -      ainsley.moos@sanlam.co.za
   -      +2721 947 5967 or +2783 296 4697

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