SANLAM LIFE INSURANCE LIMITED - Appointment of Independent Non-Executive Director - SMT1

Appointment of Independent Non-Executive Director - SMT1

Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
Bond Issuer Code: SMT1


Sanlam and Sanlam Life Insurance Limited – Appointment of Independent Non-Executive
Director – Ms Ndivhuwo Manyonga

In terms of paragraph 6.39 of the Debt Listings Requirements of the JSE Limited, noteholders are
herewith advised of the following change to the boards of directors (“the Boards”) of Sanlam and
Sanlam Life Insurance Limited.

Ms. Manyonga has been appointed as an Independent Non-Executive director to the Boards of
Sanlam and Sanlam Life Insurance Limited, effective 06 December 2021. Her appointment has
been approved by the Prudential Authority in terms of the Insurance Act No 18 of 2017.

Ndivhuwo is the first black African female actuary to qualify in South Africa. She is currently the
CEO of the Federated Employers Mutual Assurance Company (RF) Proprietary Limited and has a
wealth of experience in the financial services industry across a broad range of disciplines including
employee benefits, retirement fund and investment consulting, technical consulting, business
development and held several senior managerial roles.

Ms. Manyonga’s appointment as Independent Non-Executive Director to the Sanlam and Sanlam
Life Insurance Limited Boards was unanimously supported and subsequently recommended for
approval by the Sanlam Board to the Prudential Authority. Commenting on this appointment, the
Chair of Sanlam and Sanlam Life Insurance Limited, Mr Elias Masilela said: “Ndivhuwo has an
excellent reputation in her field and the Sanlam Board looks forward to her contributions”.


Bellville

07 December 2021

Debt sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking division

Date: 07-12-2021 10:10:00
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