SANTAM LIMITED - Sanlam Limited/Santam Limited - update in relation to the acquisition of a further interest in SAHAM Finances

Sanlam Limited/Santam Limited - update in relation to the acquisition of a further interest in SAHAM Finances

 Sanlam Limited                                          Santam Limited
 (Incorporated in the Republic of South Africa)          (Incorporated in the Republic of South Africa)
 Registration number 1959/001562/06                      Registration number: 1918/001680/06
 JSE share code: SLM                                     JSE share code: SNT
 A2X share code: SLM                                     NSX share code: SNM
 NSX share code: SLA                                     ISIN: ZAE000093779
 ISIN: ZAE000070660                                      ("Santam")
 (“Sanlam”)


                   FULFILLMENT OF ALL CONDITIONS PRECEDENT TO THE
  ACQUISITION OF A FURTHER INTEREST IN SAHAM FINANCES S.A. (“SAHAM Finances”) VIA THE
  INDIRECT ACQUISITION OF THE REMAINING 53.37% SHAREHOLDING NOT ALREADY OWNED BY
                 SANLAM EMERGING MARKETS IRELAND LIMITED (“SEMIL”)


Shareholders of Sanlam and Santam (collectively “Shareholders”) are referred to the joint announcement
released by Sanlam and Santam on the Stock Exchange News Service of the JSE Limited on 8 March 2018,
regarding the acquisition of a further interest in SAHAM Finances via the indirect acquisition of the remaining
53.37% shareholding not already owned by SEMIL (“the Transaction”) and Santam’s subsequent
announcement on 30 August 2018 confirming its participation in the Transaction.

The boards of directors of Sanlam and Santam wish to advise Shareholders that all of the conditions precedent
relating to the Transaction have now been fulfilled and the closing process completed. The effective date of the
Transaction is 9 October 2018.

Bellville
11 October 2018

Sponsor to Sanlam                                       Sponsor to Santam
The Standard Bank of South Africa Limited               Investec Bank Limited

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