Sanlam concludes acquisition of Malaysian Pacific & 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 Group Media Release Sanlam concludes acquisition of Malaysian Pacific & Orient Insurance South African financial services group Sanlam is pleased to announce that all conditions precedent have been met to conclude the acquisition of a 49% stake in the Malaysian niche short-term insurer Pacific & Orient Insurance Co. Berhad (POI). The value of the transaction is Malaysian Ringgit (MYR) 270 million (approximately R814 million) and the effective date of the transaction is 17 May 2013. The transaction is being executed by Sanlam Emerging Markets (SEM), the business cluster responsible for Sanlam Group's international expansion into selected emerging markets. The 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. Says Sanlam Emerging Markets CEO, Mr Heinie Werth: “We look forward to a fruitful and long working relationship with the team from POI. We are also looking at other opportunities in the region, but the immediate focus is on bedding down this investment”. Established in 1972, POI is wholly owned by Pacific & Orient, which is listed on the Main Board of the Bursa Malaysian Securities Berhad. POI’s business is predominantly focused on motorcycle insurance and the company has a significant market share in this segment, making it the largest motorcycle insurer in Malaysia. “We believe there is a good cultural fit between POI and Sanlam which will facilitate our focus on strengthening our relationship to drive business growth and establish a mutually beneficial and sustainable partnership,” concludes Werth. ends Issued by Sanlam Group Communication For further enquiries, please contact: Ainsley Moos, Head of Sanlam Group Communication at ainsley.moos@sanlam.co.za or +2721 947 5967 or +2783 296 4697 OR Pearl Majola, Sanlam Group External Communications at pearl.majola@sanlam.co.za or +2711 778 6305 or +2783 286 7576 Bellville 17 May 2013 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 17/05/2013 12:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.