SANLAM LIMITED - Results of general meeting

Results of general meeting

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” or “the Company”)


RESULTS OF GENERAL MEETING

Further to the circular to Sanlam shareholders dated 12 November 2018 (the “Circular”) relating, inter
alia, to proposed broad based black economic empowerment transactions, shareholders are advised
that all proposed resolutions were passed by the requisite majority of Sanlam shareholders present in
person or represented by proxy at the general meeting of shareholders of Sanlam (“General Meeting”)
held on Wednesday, 12 December 2018 at 2pm at the CR Louw Auditorium, Sanlam Head Office, 2
Strand Road, Bellville, Cape Town. The voting results are set out below.

The total number of shares present/represented, including proxies, at the General Meeting was
1 360 906 597 representing 76.08% of Sanlam shares entitled to vote of 1 788 683 181 in respect of
Special Resolution Number 1 and 65.39% of Sanlam shares entitled to vote of 2 081 154 987 in
respect of Special Resolution Number 2 and 3 and Ordinary Resolution Number 1. This represents
60.97% of Sanlam’s issued share capital of 2 231 989 047 shares as at Friday, 7 December 2018,
being the Voting Record Date.

Capitalised terms used in this announcement bear the same meaning as the capitalised and defined
terms used in the Circular


                                                                                       SHARES
                                                 TOTAL SHARES VOTED                    ABSTAINED
                                                                          Percenta
                                                            Number of     ge of
                                   For1          Against1   shares        shares in    %2
 Resolution                        %             %          voted         issue2%
 Special resolution number 1:
  Specific authority to the                                   1 360 905
                                      96.88%        3.12%                    60.97%           0.00%
  Company to issue securities                                       960
  for cash
 Special resolution number 2:
  Specific authority to provide
  financial assistance to a
                                                              1 360 906
  related party for the purpose       98.03%        1.97%                    60.97%           0.17%
                                                                    504
  of subscribing for securities


 Special resolution number 3:
  Specific authority to provide
  financial assistance to a
                                                              1 360 906
  related party for the purpose       97.43%        2.57%                    60.97%           0.24%
                                                                    597
  of, among others, acquiring
  securities in subsidiaries of
  the Company
 Ordinary resolution number 1:
  To authorise any director of
  the Company, and where
                                                              1 360 906
  applicable the secretary of        97.98%        2.02%                     60.97%           0.00%
                                                                    597
  the Company, to implement
  the aforesaid special
  resolutions

1- Expressed as a percentage of the total number of shares voted at the General Meeting.
2- Expressed as a percentage of 2 231 989 047 Sanlam ordinary shares in issue as at the Voting
Record Date

The implementation of the Proposed Transactions, given effect to by the resolutions above, is subject
to the fulfilment of the remaining suspensive conditions and the agreement of the Determination Date
by the Independent Committee and Ubuntu-Botho by no later than 30 June 2019.

Shareholders will be advised once the Proposed Transactions become effective. Cape Town

12 December 2018

Sponsor: The Standard Bank of South Africa Limited

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