Dealings by Directors 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 Directors 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 Sanlam directors in Sanlam securities: Director: T Mvusi Category of director: Executive 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). The retention and performance period: Until 8 March 2022 Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Date of transaction: 31 March 2017 Total number of units: 14 350 Total transaction value: R nil (Conditional value based on the closing market price on 31 March 2017 of the Sanlam share amounts to R966 759.50 calculated at R67.37 per share) Prior authority to transact Yes obtained: Nature of trade: Off-market Director: HC Werth 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). The retention and performance period: Until 8 March 2022 Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Date of transaction: 31 March 2017 Total number of units: 99 449 Total transaction value: R nil (Conditional value based on the closing market price on 31 March 2017 of the Sanlam share amounts to R6 699 879.13 calculated at R67.37 per share) Prior authority to transact Yes obtained: Nature of trade: Off-market Director: Y Ramiah Category of director: Executive 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) The retention and performance period: Until 8 March 2022 Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Date of transaction: 31 March 2017 Total number of units: 14 350 Total transaction value: R nil (Conditional value based on the closing market price on 31 March 2017 of the Sanlam share amounts to R988 759.50 calculated at R67.37 per share) Prior authority to transact Yes obtained: Nature of trade: Off-market Bellville 04 April 2017 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 04/04/2017 04:34:00 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.