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Optional Redemption of SLI3 Notes
SANLAM LIFE INSURANCE LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
Bond Code: SLI3
ISIN No: ZAG000107905
Optional Redemption of SLI3 Notes
Sanlam Life Insurance Limited (‘the Issuer’) issued the SLI3 Notes (‘the Notes’) with a final maturity
date of 15 August 2023 pursuant to the Programme Memorandum dated 8 August 2013. The Notes are
redeemable at the Issuer’s option on 15 August 2018 (‘Optional Redemption Date’) in accordance with
condition 8.4 (Redemption at the Option of the Issuer) of the Terms and Conditions of the Notes (as
read with the Applicable Pricing Supplement).
The Issuer’s Board of Directors approved the redemption of the Notes at the Optional Redemption Date
after due consideration of the Issuer’s solvency position and optimal capital structure. A new issuance
to replace the Notes is not currently under consideration.
In terms of condition 17 (Notices) of the Terms and Conditions of the Notes, notice is hereby given to
Noteholders that the Issuer has exercised its right to early redeem the Notes on 15 August 2018.
Payment of the optional redemption amount, together with applicable interest, will be effected on 15
August 2018.
The redemption amount and amount outstanding after the redemption are as follows:
Optional Redemption Amount Amount Outstanding After Capital Redemption
SLI3 ZAR 1,160,000,000.00 ZAR 0.00
The optional redemption of the Notes has been approved by the Prudential Authority.
13 July 2018
Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Date: 13/07/2018 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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