Sanlam Limited/Santam Limited - update in relation to the acquisition of a further interest in SAHAM Finances Sanlam Limited Santam Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 Registration number: 1918/001680/06 JSE share code: SLM JSE share code: SNT A2X share code: SLM NSX share code: SNM NSX share code: SLA ISIN: ZAE000093779 ISIN: ZAE000070660 ("Santam") (“Sanlam”) FULFILLMENT OF ALL CONDITIONS PRECEDENT TO THE ACQUISITION OF A FURTHER INTEREST IN SAHAM FINANCES S.A. (“SAHAM Finances”) VIA THE INDIRECT ACQUISITION OF THE REMAINING 53.37% SHAREHOLDING NOT ALREADY OWNED BY SANLAM EMERGING MARKETS IRELAND LIMITED (“SEMIL”) Shareholders of Sanlam and Santam (collectively “Shareholders”) are referred to the joint announcement released by Sanlam and Santam on the Stock Exchange News Service of the JSE Limited on 8 March 2018, regarding the acquisition of a further interest in SAHAM Finances via the indirect acquisition of the remaining 53.37% shareholding not already owned by SEMIL (“the Transaction”) and Santam’s subsequent announcement on 30 August 2018 confirming its participation in the Transaction. The boards of directors of Sanlam and Santam wish to advise Shareholders that all of the conditions precedent relating to the Transaction have now been fulfilled and the closing process completed. The effective date of the Transaction is 9 October 2018. Bellville 11 October 2018 Sponsor to Sanlam Sponsor to Santam The Standard Bank of South Africa Limited Investec Bank Limited Date: 11/10/2018 07:05:00 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.