Directors' 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’ 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 in Sanlam securities: Director: TI Mvusi Category of director: Executive director : Group Market Development 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) Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Date of transaction: 15 March 2018 Total number of units: 21 346 Total transaction value: Rnil (Conditional value based on the closing market price on 15 March 2018 amounts to R1 953 799.38 calculated at R91,53 per share) Prior authority to transact Yes obtained: Nature of trade: Off-market transaction 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) Nature of agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles) Date of transaction: 15 March 2018 Total number of units: 21 346 Total transaction value: Rnil (Conditional value based on the closing market price on 15 March 2018 amounts to R1 953 799.38 calculated at R91.53 per share) Prior authority to transact Yes obtained: Nature of trade: Off-market transaction Bellville 16 March 2018 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 16/03/2018 03:00:00 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.