Dealings by shareholder approved Share Incentive Scheme 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”) Dealings by shareholder approved Share Incentive Scheme in Sanlam Securities In compliance with paragraph 3.92 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by trustees of the Sanlam Limited Share Incentive Trust in Sanlam securities: Name of scheme: Sanlam Limited Share Incentive Trust Class of security: Ordinary shares Nature of interest: Direct, beneficial Nature of transaction: Off-market sale of ordinary shares in Sanlam Limited Nature of agreement: Off-market sale of Sanlam ordinary shares held by the Sanlam Limited Share Incentive Trust to Sanlam Life Insurance Limited for delivery to nominated participants under shareholder approved Restricted Share Plan (long-term retention with performance hurdles) Date of transaction: 18 March 2015 Total number of units: 354 990 Market value per share: R76,06 Total transaction value: R27 000 539.40 Prior authority to transact Yes obtained: Bellville 23 March 2015 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 23/03/2015 04:46:00 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.