Trading Statement - 6 months to 30 June 2014 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 – 6 months to 30 June 2014 In terms of the requirement of paragraph 3.4(b) of the JSE Limited Listings Requirements, Sanlam shareholders are advised that the Group’s diluted Headline Earnings per share and diluted earnings per share attributable to shareholders for the six months ended 30 June 2014 are expected to exceed that reported in respect of the corresponding period in 2013 by between 25% and 30%. Normalised Headline Earnings per share, which exclude the International Financial Reporting Standards transfers between the shareholders’ and policyholders’ funds relating to Sanlam shares held in policyholder portfolios, are also expected to increase by between 25% and 30%. The information in this trading statement has not been reviewed and reported on by Sanlam's auditors. Sanlam’s results for the six months ended 30 June 2014 are due to be released on 4 September 2014. For further information on Sanlam, please visit our website at www.sanlam.co.za Bellville 15 August 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 15/08/2014 08:00:00 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.