Dealings in Securities Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE and A2X share code: SLM NSX share code: SLA ISIN: ZAE000070660 (“Sanlam”) Director’s dealings in Sanlam securities In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by a director in Sanlam securities: Name of director: J van Zyl Name of associate: JvZ Holdings Limited Date of transaction: 11 November 2019 Class of security: Ordinary shares Nature of transaction: Sale of Sanlam Shares by an associate of the director Total number of shares: 1 325 754 Nature & extent of director’s interest: Indirect beneficial Lowest price of shares: R80.99 Highest price of shares: R81.20 VWAP price: R81.03 Total transaction value: R107 431 096.61 Prior authority to transact obtained: Yes Nature of trade: On-market transaction Rationale for the transaction: Restructuring and balancing of share portfolio Name of director: J van Zyl Name of associate: JvZ Holdings Limited Date of transaction: 12 November 2019 Class of security: Ordinary shares Nature of transaction: Sale of Sanlam Shares by an associate of the director Total number of shares: 138 776 Nature & extent of director’s interest: Indirect beneficial Lowest price of shares: R81.07 Highest price of shares: R81.80 VWAP price: R81.48 Total transaction value: R11 307 126.00 Prior authority to transact obtained: Yes Nature of trade: On-market transaction Rationale for the transaction: Restructuring and balancing of share portfolio Bellville 13 November 2019 Sponsor The Standard Bank of South Africa Limited Date: 13/11/2019 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.