SANLAM LIMITED - Dealings in securities by directors

Dealings in securities by directors

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")

Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
LEI: 378900E10332DF012A23
Bond Issuer Code: BISLI
("Sanlam Life")

Directors' dealings in Sanlam securities

In compliance with paragraphs 6.77 to 6.80 of the Listings Requirements of the JSE Limited, we
hereby advise the following dealings by executive directors in Sanlam securities:

 Name:                                                 P Hanratty
 Designation:                                          Executive Director
 Date of transaction:                                  25 March 2026
 Total number of shares:                               435 950
 Nature of transaction:                                Transfer of forfeited Sanlam ordinary shares to the
                                                       Sanlam Ltd Share Incentive Trust for no
                                                       consideration following the performance
                                                       measurement of the shares awarded in terms of the
                                                       CEO remuneration agreement.
 On market/Off market trade:                           Off market
 Market value per share:                               R nil
 Deemed transaction value:                             R39 858 908.50 based on the closing price of R91.43
                                                       per share on 25 March 2026
 Nature and extent of the interest in the
 transaction:                                          Direct beneficial
 Class of securities:                                  Ordinary shares
 Prior authority to transact obtained:                 Yes

 Name:                                                 P Hanratty
 Designation:                                          Executive Director
 Date of transaction:                                  25 March 2026
 Total number of shares:                               235 758
 Nature of transaction:                                Acceptance and transfer of Sanlam ordinary shares
                                                       representing the outcome of the performance
                                                       measurement for the period 1 July 2025 to 31
                                                       December 2025 in terms of the CEO remuneration
                                                       agreement. Release of these shares on 1 May 2028
                                                       is subject to pre-determined conditions
 On Market/Off market trade:                           Off market
 Market Value per share:                               R nil
 Deemed transaction value:                             R nil (Conditional value of R21 555 353.94 based on
                                                       closing price of R91.43 per share on 25 March 2026)
 Nature and extent of the director's interest in the
 transaction:                                          Direct beneficial
 Class of securities:                                  Ordinary shares
 Prior authority to transact obtained:                 Yes


 Name:                                                 A Mukhuba
 Designation:                                          Executive Director
 Date of transaction:                                  25 March 2026
 Total number of shares:                               27 585
 Nature of transaction:                                Acceptance and transfer of Sanlam ordinary shares
                                                       representing the deferred bonus component of the
                                                       2025 financial year performance bonus award.
                                                       Release of these shares on 27 March 2029 is subject
                                                       to pre-determined conditions.
 On Market/Off market trade:                           Off market
 Market Value per share:                               R nil
 Deemed transaction value:                             R nil (Conditional value of R2 522 096.55 based on
                                                       closing price of R91.43 per share on 25 March 2026)
 Nature and extent of the director's interest in the
 transaction:                                          Direct beneficial
 Class of securities:                                  Ordinary shares
 Prior authority to transact obtained:                 Yes



 Name:                                                 A Mukhuba
 Designation:                                          Executive Director
 Date of transaction:                                  25 March 2026
 Total number of shares:                               31 131
 Nature of transaction:                                Transfer of Sanlam ordinary shares due for release
                                                       under the Restricted Share Plan to the Sanlam
                                                       Minimum Shareholder Requirement Plan (MSRP)
                                                       following the pledge of these shares to the Sanlam
                                                       MSRP.
 On Market/Off market trade:                           Off market
 Market Value per share:                               R nil
 Deemed transaction value:                             R nil (Conditional value of R2 846 307.33 based on
                                                       closing price of R91.43 per share on 25 March 2026)
 Nature and extent of the director's interest in the
 transaction:                                          Direct beneficial
 Class of securities:                                  Ordinary shares
 Prior authority to transact obtained:                 Yes



Bellville
27 March 2026

Equity Sponsor to Sanlam
The Standard Bank of South Africa Limited

Debt sponsor to Sanlam Life
The Standard Bank of South Africa Limited

NSX Sponsor to Sanlam
Simonis Storm Securities (Pty) Ltd

Date: 27-03-2026 04:00:00
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