SANLAM LIMITED - Sanlam concludes acquisition of Malaysian Pacific & Orient Insurance

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




                                         

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