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 the directors and Company Secretary in Sanlam securities: Name of director: T Mvusi Designation: Chief Executive: Group Market Development, Sanlam Limited Date of transaction: 18 March 2016 Class of security: Ordinary shares Nature of transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance Until 9 March 2021 period: Total number of units: 16 714 Nature and extent of director’s Direct, beneficial interest: Total transaction value: R nil (Conditional value based on the closing market price on 18 March 2016 of the Sanlam share amounts to R1 113 821 calculated at R66,64 per share) Prior authority to transact obtained: Yes Nature of trade: Off-market transaction Name of director: Y Ramiah Designation: Chief Executive: Sanlam Brand, Sanlam Limited Date of transaction: 18 March 2016 Class of security: Ordinary shares Nature of transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance Until 9 March 2021 period: Total number of units: 16 714 Nature and extent of director’s Direct, beneficial interest: Total transaction value: R nil (Conditional value based on the closing market price on 18 March 2016 of the Sanlam share amounts to R1 113 821 calculated at R66,64 per share) Prior authority to transact obtained: Yes Nature of trade: Off-market transaction Bellville 24 March 2016 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 24/03/2016 02:01:00 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.