Directors’ and Company Secretary 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’ and Company Secretary 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 directors and the Company Secretary in Sanlam securities: No.1 Name: IM Kirk Designation: Executive Director Date of transaction: 29 June 2017 Total number of shares: 71 747 Total transaction value R nil (Conditional value of R4 690 818.86 based on closing price of R65.38 per share on 29 June 2017) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined performance hurdles be met over the period 01 June 2017 until 01 June 2022 On market/Off market trade: Off Market Prior authority to transact Yes obtained: No. 2 Name: HC Werth Designation: Financial Director Date of transaction: 29 June 2017 Total number of shares: 73 358 Total transaction value: R nil (Conditional value of R4 796 146.04 based on closing price of R65.38 per share on 29 June 2017) Retention and performance period Five years Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined performance hurdles be met over the period 01 June 2017 until 01 June 2022 On market/Off market trade: Off Market Prior authority to transact Yes obtained: No. 3 Name: HC Werth Designation: Financial Director Date of transaction: 29 June 2017 Total number of shares: 105 712 Total transaction value: R nil (Conditional value of R6 911 450.56 based on closing price of R65.38 per share on 29 June 2017) Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Transfer of Sanlam ordinary shares to the Sanlam Minimum Shareholding Requirement Plan (MSRP) following delivery of shares under the Deferred/Performance Share Plans and the Restricted Share Plan and the pledge of these shares by the Director to the Sanlam MSRP On market/Off market trade: Off Market Prior authority to transact Yes obtained: No. 4 Name: T Mvusi Designation: Executive Director Date of transaction: 29 June 2017 Total number of shares: 65 361 Total transaction value: R nil (Conditional value of R4 273 302.18 based on closing price of R65.38 per share on 29 June 2017) Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Transfer of Sanlam ordinary shares to the Sanlam Minimum Shareholding Requirement Plan (MSRP) following delivery of shares under the Deferred/Performance Share Plans and the Restricted Share Plan and the pledge of these shares by the Director to the Sanlam MSRP On market/Off market trade: Off Market Prior authority to transact Yes obtained: No. 5 Name: T Mvusi Designation: Executive Director Date of transaction: 29 June 2017 Total number of shares: 29 334 Total transaction value: R nil (Conditional value of R1 917 856.92 based on closing price of R65.38 per share on 29 June 2017) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined performance hurdles be met over the period 01 June 2017 until 01 June 2022 On market/Off market trade: Off Market Prior authority to transact Yes obtained: No. 6 Name: S Bray Designation: Group Company Secretary Date of transaction: 26 June 2017 Total number of shares: 11 989 Market value per share: R65.04 Total deemed value: 779 764.56 Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Delivery of Sanlam ordinary shares under Deferred and Performance Share Plans On market/Off market trade Off Market Prior authority to transact Yes obtained: No. 7 Name: S Bray Designation: Group Company Secretary Date of transaction: 26 June 2016 Market value per share: R65.04 Total number of shares: 11 989 Total transaction value: R779 764.56 Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Sale of Sanlam ordinary shares under Deferred and Performance Share Plans to meet income tax obligations on vesting of shares and diversify portfolio On market/Off market trade On Market Prior authority to transact Yes obtained: No. 8 Name: S Bray Designation: Group Company Secretary Date of transaction: 29 June 2017 Total number of shares: 13 295 Total transaction value: R nil (Conditional value of R869 227.10 based on the closing price of R65.38 per share on 29 June 2017) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan (approved long-term retention plans) to receive fully paid-up shares in future should certain pre- determined performance hurdles be met over the period 01 June 2017 until 01 June 2022 On market/Off market trade Off Market Prior authority to transact Yes obtained: No. 9 Name: Y Ramiah Designation: Executive Director Date of transaction: 29 June 2017 Total number of shares: 30 230 Total transaction value: R nil (Conditional value of R1 976 437.40 based on the closing price of R65.38 per share on 29 June 2017) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and Performance Deferred Share Plan to receive fully paid-up shares in future should certain pre- determined performance hurdles be met On market/Off market trade Off Market Prior authority to transact Yes obtained: No. 10 Name: Y Ramiah Designation: Executive Director Date of transaction: 29 June 2017 Total number of shares: 29 916 Total transaction value: R Nil (Conditional value of R1 955 908.08 based on closing price of R65.38 per share on 29 June 2017) Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Transfer of Sanlam ordinary shares to the Sanlam Minimum Shareholding Requirement Plan (MSRP) following delivery of shares under the Deferred/Performance Share Plans and the Restricted Share Plan and the pledge of these shares by the Director to the Sanlam MSRP On market/Off market trade Off Market Prior authority to transact Yes obtained: Bellville 30 June 2017 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 30/06/2017 05:07:00 Produced by the JSE SENS Department. 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