Sanlam Limited – Changes to the Executive Committee 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” or the “Group”) Sanlam Limited – Changes to the Executive Committee In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised of the following changes within Sanlam Limited’s (“Sanlam”) Executive Management. 1. The Chief Executive Officer (“CEO”) of Sanlam Personal Finance (“SPF”), Mr Hubert Brody, will step down on 31 May 2017 to attend more closely to his other interests. 2. Mr Jurie Strydom, currently the joint Deputy CEO of SPF, has been appointed the CEO of SPF and will take over on 01 June 2017. 3. With effect from 01 April 2017, Mr Temba Mvusi, the Chief Executive (“CE”) of Group Market Development, has been appointed as acting CEO of the Sanlam Corporate cluster which was established at the beginning of 2016. Mr Brody, who originally joined Sanlam as CE of Group Strategy and Projects, was appointed as CEO of SPF in June 2015 and has overseen the successful restructuring of the SPF business to significantly enhance its client focus and operating structures. Mr Strydom obtained his Master of Business Administration (MBA) degree from the Massachusetts Institute of Technology (MIT) and is a qualified actuary. A Sanlam bursary holder, he started his career at Sanlam as an actuarial student. Prior to re-joining Sanlam in January 2016, Mr Strydom was CEO of Regent Insurance and an Executive Director of Imperial Holdings. More recently, he was responsible for Distribution, Glacier and Sanlam Sky within the SPF cluster. Mr Mvusi, an Executive at both Sanlam and Santam Limited (“Santam”), will hold the position of acting CEO for the Sanlam Corporate cluster until a permanent appointment is made during 2017. Among his qualifications, Mr Mvusi holds a Diploma in International Relations from the University of New Delhi and an Executive Leadership Programme from the Wharton School of Business. Mr Mvusi will retain his current responsibilities at Sanlam and Santam. The Sanlam CEO, Mr Ian Kirk, acknowledged Mr Brody’s contribution to Sanlam. “Hubert has added very significant value in his time at Sanlam, not only as CEO of SPF but also in his initial role as CE of Group Strategy and Projects. He led the restructure of the SPF business and has laid a solid platform from which SPF will continue to thrive in future. We are immensely grateful for his wisdom, vision and values-based leadership, which he brought to Sanlam. We wish him well and respect his decision to focus on his various other interests.” Commenting on the appointments of Mr Strydom and Mr Mvusi, Mr Kirk said: “I wish to congratulate Jurie on his appointment and I am pleased to welcome him to the Group Exco. We look forward to his role in taking the SPF cluster forward.” “Temba knows the corporate space very well given his Market Development and prior Sanlam Investments roles. I am confident that he will play a pivotal role in taking the corporate cluster strategy forward and driving the Health and Sanlam Employee Benefits businesses.” Bellville 28 March 2017 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 28/03/2017 03:45:00 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.