Announcement relating to Dealings in Sanlam 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”) Announcement relating to Dealings in Sanlam 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: Name of Scheme: Sanlam Limited Share Incentive Trust The class of securities: Sanlam Ordinary shares The nature of the agreement: Off-market sale of ordinary shares to Sanlam Life Insurance Limited for delivery to nominated participants under shareholder approved Restricted Share Plan (long-term retention with performance hurdles.) Date of transaction: 15 March 2019 The nature of the transaction: Off-market sale of ordinary shares in Sanlam Limited Total number of units: 389 005 Market value per share: R76.091 per share Total amount involved: R29 599 779.45 Pre-approval obtained: Yes Name of Director: I Kirk (Group Chief Executive) The class of securities: Sanlam Ordinary Shares The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance period: Until 14 March 2024 Date of transaction: 15 March 2019 The nature of the transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). Total number of units: 13 142 Total amount involved: R nil (Conditional value based on the closing market price on 15 March 2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50 per share) Pre-approval obtained: Yes Nature of trade: Off-market transaction Interest: Direct beneficial Name of Director: T Mvusi (Chief Executive: Group Market Development) The class of securities: Sanlam Ordinary shares The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance period: Until 14 March 2024 Date of transaction: 15 March 2019 The nature of the transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). Total number of units: 13 142 Total amount involved: R nil (Conditional value based on the closing market price on 15 March 2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50 per share) Pre-approval obtained: Yes Nature of trade: Off-market transaction Interest: Direct beneficial Name of Director: HC Werth (Financial Director) The class of securities: Ordinary shares The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance period: Until 14 March 2024 Date of transaction: 15 March 2019 The nature of the transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). Total number of units: 26 284 Total amount involved: R nil (Conditional value based on the closing market price on 15 March 2019 of the Sanlam share amounts to R1 931 874.00 calculated at R73.50 per share) Pre-approval obtained: Yes Nature of trade: Off-market transaction Interest: Direct beneficial Name of Director: S Bray (Company Secretary) The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance period: Until 14 March 2024 Date of transaction: 15 March 2019 The nature of the transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). Total number of units: 13 142 Total amount involved: R nil (Conditional value based on the closing market price on 15 March 2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50 per share) Pre-approval obtained: Yes Nature of trade: Off-market transaction Interest: Direct beneficial 19 March 2019 Cape Town JSE Sponsor: The Standard Bank of South Africa Limited Date: 19/03/2019 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.