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SANLAM LIMITED - Sanlam Limited Changes to the Executive Committee

Release Date: 28/03/2017 15:45
Code(s): SLM     PDF:  
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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

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