Dealing in Securities Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE share code: SLM A2X share code: SLM NSX share code: SLA ISIN: ZAE000070660 (“Sanlam”) Dealing in Securities In compliance with paragraphs 3.63 to 3.74 and 3.92 of the Listings Requirements of the JSE Limited ("JSE"), the following information is disclosed in relation to a conditional award of Sanlam ordinary shares in terms of the Sanlam Deferred Share Plan: Name of Director: HC Werth Class of security: Sanlam ordinary shares Date of transaction: 1 August 2019 Nature of the transaction: Off market acceptance of a conditional undertaking to receive fully paid-up ordinary shares in April 2024 should certain pre-determined performance hurdles be met over the period 1 January 2020 until 31 December 2023 Total number of units: 702 000 ordinary shares if all conditions are met in full. No delivery of ordinary shares if the base performance hurdles are not met Price per share: Rnil Value of transaction: Conditional value ranges between Rnil and R52 509 600 based on the closing market price of R74.80 per Sanlam ordinary share on 1 August 2019 Pre-approval obtained: Yes Extent of interest: Direct beneficial 02 August 2019 Cape Town JSE Sponsor: The Standard Bank of South Africa Limited Date: 02/08/2019 04:00:00 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.