Directors dealings in Sanlam securities 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”) Directors dealings in Sanlam securities In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by directors in Sanlam securities: Director: TI Mvusi Category of director: Executive director : Group Market Development Class of security: Ordinary shares Nature of interest: Direct, beneficial Nature of transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). The rules of the Restricted Share Plan allow for a six year measurement period with proportional early vesting from the end of year 3 to the extent that performance hurdles were met Date of transaction: 18 March 2015 Total number of units: 13 148 Total transaction value: Rnil (Conditional value based on the closing market price of a Sanlam share of R78,75 on 18 March 2015 amounts to R1 035 405) Prior authority to transact Yes obtained: Director: JP Möller Category of director: Financial director Class of security: Ordinary shares Nature of interest: Direct, beneficial Nature of transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). The rules of the Restricted Share Plan allow for a six year measurement period with proportional early vesting from the end of year 3 to the extent that performance hurdles were met Date of transaction: 18 March 2015 Total number of units: 65 738 Total transaction value: Rnil (Conditional value based on the closing market price of a Sanlam share of R78,75 on 18 March 2015 amounts to R5 176 868) Prior authority to transact Yes obtained: Director: Y Ramiah Category of director: Chief Executive: Sanlam Brand Class of security: Ordinary shares Nature of interest: Direct, beneficial Nature of transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). The rules of the Restricted Share Plan allow for a six year measurement period with proportional early vesting from the end of year 3 to the extent that performance hurdles were met Date of transaction: 18 March 2015 Total number of units: 13 148 Total transaction value: Rnil (Conditional value based on the closing market price of a Sanlam share of R78,75 on 18 March 2015 amounts to R1 035 405) Prior authority to transact Yes obtained: Bellville 23 March 2015 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 23/03/2015 04:45:00 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.