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 Date: 12/12/2018 04:36:00 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.