Sharenet Sites 
Sharenet Sites
Trading Statement – 12 months to 31 December 2013
Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
ISIN number: ZAE000070660
(“Sanlam” or “the Group”)
Trading Statement – 12 months to 31 December 2013
In terms of the requirement of paragraph 3.4 of the JSE Listings Requirements Sanlam shareholders are
advised that the Group’s headline earnings per share and earnings per share for the 2013 financial year are
expected to exceed that reported in respect of the corresponding period in 2012:
* Diluted headline earnings per share: expected to be up between 35% and 40%; and
* Diluted earnings per share attributable to shareholders: expected to be up between 40% and 45% .
The expected increase in earnings per share is in part due to exceptional items, being the discontinuance of
a charge in Group earnings for secondary tax on companies, following its recent replacement with a
dividend withholding tax, the impact of the relative change in the Sanlam share price in the current and
corresponding reporting periods on the IFRS related transfers between policyholder and shareholder funds
(‘fund transfers’), as well as certain one-off positive investment revaluations of some R200 million during
the period. The underlying investment return achieved on shareholder funds reflects the market
performance for the period. Normalised headline earnings per share, which exclude fund transfers, are
expected to increase by between 33% and 38%. Net operating profit (‘net result from financial services’)
includes first time contributions from the Group’s investment in Malaysia as well as increased holdings in
the Shriram Group in India and Capricorn Investment Holdings in Namibia and is expected to be between
30% and 35% up on the corresponding period in 2012.
The information in this trading statement has not been reviewed or reported on by Sanlam's auditors.
Sanlam’s financial results for the twelve months ended 31 December 2013 are due to be released on
6 March 2014.
For further information on Sanlam, please visit our website at www.sanlam.co.za
Bellville
10 February 2014
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 10/02/2014 02:00:00 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.
