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 in Sanlam securities on behalf of the Sanlam Limited Share Incentive Trust for which prior authority to transact was obtained: Name of scheme: Sanlam Limited Share Incentive Trust Nature of transaction: On-market purchase of ordinary shares in Sanlam Limited Nature of agreement: Purchase of ordinary shares for future delivery to nominated participants under shareholder approved Deferred Share Plan (long-term incentive scheme) Date of transaction: 8 June 2017 Total number of shares: 1 491 470 VWAP price per share: R66.1753 Highest price per share: R67.42 Lowest price per share R65.30 Total transaction value: R98 698 474.69 Date of transaction: 9 June 2017 Total number of shares: 1 802 552 VWAP price per share: R66.6936 Highest price per share: R67.27 Lowest price per share R66.00 Total transaction value: R120 218 682.07 Date of transaction: 12 June 2017 Total number of shares: 1 781 053 VWAP price per share: R66.9049 Highest price per share: R67.24 Lowest price per share R66.25 Total transaction value: R119 161 172.86 Bellville 13 June 2017 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 13/06/2017 01:00:00 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.