SANLAM LIMITED - Dealings in Securities

Dealings in Securities

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
A2X share code: SLM
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:

Name:                             PB Hanratty
Designation:                      Executive Director
Date of transaction:              17 September 2020
Total number of shares:           3 000 000
Total transaction value:          R nil (Conditional value of
                                  R161,580,000 based on closing price
                                  of R53.86 per share on 17 September
                                  2020)
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:            Grant, acceptance and transfer of
                                  first tranche of Restricted Sanlam
                                  Ltd Shares under Restricted Share
                                  Plan (long-term retention with
                                  performance hurdles) in terms of
                                  executive director’s employment
                                  arrangement concluded in June 2020.
                                  Vesting is subject to pre-determined
                                  performance hurdles being met over
                                  the period 01 July 2020 until 30
                                  June 2025.
On market/Off market trade:       Off market
Prior authority to transact
obtained:                         Yes
Name:                         HC Werth
Designation:                  Executive Director
Date of transaction:          17 September 2020
Total number of shares:       72 517
Total transaction value:      R nil (Conditional value of
                              R3,905,765.62 based on closing price
                              of R53.86 per share on 17 September
                              2020)
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 2020
                              until 01 June 2025
On market/Off market trade:   Off market
Prior authority to transact
obtained:                     Yes

Name:                         J Modise
Designation:                  Executive Director
Date of transaction:          17 September 2020
Total number of shares:       28 906
Total transaction value:      R nil (Conditional value of
                              R1,556,877.16 based on closing price
                              of R53.86 per share on 17 September
                              2020)
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 2020
                              until 01 June 2025
On market/Off market trade:   Off market
Prior authority to transact
obtained:                     Yes

Name:                             S Bray
Designation:                      Group Company Secretary
Date of transaction:              17 September 2020
Total number of shares:           17 426
Total transaction value:          R nil (Conditional value of R938
                                  564.36 based on the closing price of
                                  R53.86 per share on 17 September
                                  2020)
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 2020
                                  until 01 June 2025
On market/Off market trade:       Off market
Prior authority to transact
obtained:                         Yes


Bellville
18 September 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 18-09-2020 02:00:00
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