SANLAM LIMITED - Withdrawal Of Resolutions 5.2 And 7.2 Of The Notice Of Annual General Meeting

Withdrawal Of Resolutions 5.2 And 7.2 Of The Notice Of Annual General Meeting

Sanlam Limited Group
Incorporated in the Republic of South Africa
(Registration number 1959/001562/06)
"Sanlam", "Sanlam Group", or "the Company"
JSE Share code (Primary listing): SLM
A2X share code: SLM
NSX share code: SLA
ISIN: ZAE000070660

WITHDRAWAL OF RESOLUTIONS 5.2 AND 7.2 OF THE NOTICE OF ANNUAL GENERAL MEETING

Shareholders are referred to the Notice of Annual General Meeting (“AGM”) issued on 13
March 2020 and, in particular, Ordinary Resolutions 5.2 and 7.2.

Sanlam advises that it has withdrawn Ordinary Resolution 5.2 (“Re-Election of PB Hanratty as
a non-executive director”) and Ordinary Resolution 7.2 (“The Appointment of PB Hanratty as a
member of the Audit Committee”). The reason and effect for withdrawing the aforementioned
two resolutions are due to Mr Hanratty being appointed as the Group CEO, subsequent to
preparing and issuing the Notice of AGM. To this end, he ceases to be an independent non-
executive director with effect from 11 June 2020 as he prepares to assume his new role as
executive director on 01 July 2020. Noteworthy to highlight, is that Sanlam continues to comply
with the requirement relating to one-third of directors who have been proposed for rotation.

All other agenda items for the Annual General Meeting remain unchanged and will be put to
Shareholders for approval on 10 June 2020 at 14h00 following the Virtual Meeting process.
Shareholders are herewith advised that the withdrawal of Ordinary Resolutions 5.2 and 7.2
from the AGM, does not affect the proxy forms already submitted in respect of the remainder
resolutions. An amended proxy form has been uploaded onto the Sanlam website.


Bellville
25 May 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 25-05-2020 02:22:00
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