SLI3 and SLI4 - Availability of the audited annual financial statements for the year ended 31 December 2017 SANLAM LIFE INSURANCE LIMITED (the “Company”) Bond Code: SLI3 ISIN: ZAG000107905 Bond Code: SLI4 ISIN: ZAG000138629 AVAILABILITY OF THE AUDITED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 Noteholders are hereby advised that the Company’s Audited Annual Financial Statements for the year ended 31 December 2017 has been released. This document can be viewed or downloaded on the administrator’s website at https://www.sanlam.com/investorrelations/Pages/reports.aspx. In terms of section 7.6 (c) of the Debt Listings Requirements of the JSE Limited, investors are advised of the below restatements in the Annual Financial Statements. Restatement of investment classes Sanlam Life Insurance Limited through its Bermuda branch, issued life insurance policies that were backed by an investment policy issued by a 3rd party with the underlying assets being held in investment funds. These assets were correctly classified as investment funds until 31 December 2015. This investment policy was terminated effective 1 January 2016 and was replaced by investments in various asset classes. The administration process for the classification of these assets in the relevant investment asset classes was not amended appropriately by the end of 31 December 2016, resulting in an incorrect classification on the statement of financial position with no impact on the statement of comprehensive income. The 31 December 2016 information is accordingly restated for this error. R million 2016 Previously reported Adjustments Restated Equities 176 944 6 300 183 244 Structured transactions 13 756 239 13 995 Investment funds 161 050 (6 539) 154 511 28 March 2018 Debt sponsor Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 28/03/2018 01:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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