SANLAM LIMITED - Dealings in Securities13 Jun 2025
Dealings in Securities

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")

Director, director of major subsidiary and company secretary dealings in Sanlam
securities

In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements of the JSE Limited, we
hereby advise the following dealings by an executive director, director of major subsidiary and
company secretary in Sanlam securities:

 Name:                                                 A Mukhuba
 Designation:                                          Executive director
 Date of transaction:                                  9 June 2025
 Total number of shares:                               86 870
 Total transaction value:                              R nil (Conditional value of R7,740,117.00 based on
                                                       closing price of R89.10 per share on 9 June 2025)
 Nature and extent of the director's interest in the   Direct beneficial
 transaction:
 Class of securities:                                  Ordinary shares
 Nature of transaction:                                Transfer of Sanlam ordinary shares due for delivery
                                                       or release under the Restricted Share Plan, the
                                                       Deferred/Performance Share Plans 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
 Prior authority to transact obtained:                 Yes


 Name:                                                 A Fortune
 Designation:                                          Company Secretary, Sanlam
 Date of transaction:                                  9 June 2025
 Total number of shares:                               10 496
 Market value per share:                               R89.63
 Total deemed value:                                   R940,756.48
 Nature and extent of the company secretary's          Direct beneficial
 interest in the transaction:
 Class of securities:                                  Ordinary shares
 Nature of transaction:                                Delivery of Sanlam ordinary shares under Deferred
                                                       and Performance Share Plans
 On market/Off market trade:                           Off market
 Prior authority to transact obtained:                 Yes

Name:                                                 A Fortune
Designation:                                          Company Secretary, Sanlam
Date of transaction:                                  9 June 2025
Total number of shares:                               4 765
Market value per share:                               R89.63
Total transaction value:                              R427,086.95
Nature and extent of the company secretary's          Direct beneficial
interest in the transaction:
Class of securities:                                  Ordinary shares
Nature of transaction:                                Sale of Sanlam ordinary shares under Deferred and
                                                      Performance Share Plans to meet income tax
                                                      obligations on vesting of shares
On market/Off market trade:                           On market
Prior authority to transact obtained:                 Yes

Name:                                                 T Fick
Designation:                                          Director, Sanlam Emerging Markets Pty Limited, a
                                                      major subsidiary of Sanlam
Date of transaction:                                  9 June 2025
Total number of shares:                               20 717
Market value per share:                               R89.63
Total deemed value:                                   R1,856,864.71
Nature and extent of the director's interest in the   Direct beneficial
transaction:
Class of securities:                                  Ordinary shares
Nature of transaction:                                Delivery of Sanlam ordinary shares under Deferred
                                                      and Performance Share Plans
On market/Off market trade:                           Off market
Prior authority to transact obtained:                 Yes

Name:                                                 T Fick
Designation:                                          Director, Sanlam Emerging Markets Pty Limited, a
                                                      major subsidiary of Sanlam
Date of transaction:                                  9 June 2025
Total number of shares:                               20 717
Market value per share:                               R89.63
Total transaction value:                              R1,856,864.71
Nature and extent of the director's interest in the   Direct beneficial
transaction:
Class of securities:                                  Ordinary shares
Nature of transaction:                                Sale of Sanlam ordinary shares under Deferred and
                                                      Performance Share Plans to meet income tax
                                                      obligations on vesting of shares and diversify
                                                      investment portfolio
On market/Off market trade:                           On market
Prior authority to transact obtained:                 Yes

Name:                                                 A Mukhuba
Designation:                                          Executive Director
Date of transaction:                                  11 June 2025
Total number of shares:                               67 573
Nature of transaction:                                Acceptance of a conditional undertaking under the
                                                      Performance Deferred Share Plan to receive fully
                                                      paid-up shares in future should certain pre-
                                                      determined performance hurdles be met over the
                                                      period 01 June 2025 until 01 June 2030
On Market/Off market trade:                           Off market
Market Value per share:                               R nil
Total transaction value:                              R nil (Conditional value of R6,049,134.96 based on
                                                      closing price of R89.52 per share on 11 June 2025)
Nature and extent of the director's interest in the   Direct beneficial
transaction:
Prior authority to transact obtained:                 Yes


Name:                                                 A Fortune
Designation:                                          Company Secretary, Sanlam
Date of transaction:                                  11 June 2025
Total number of shares:                               9 988
Nature of transaction:                                Acceptance of a conditional undertaking under the
                                                      Performance Deferred Share Plan to receive fully
                                                      paid-up shares in future should certain pre-
                                                      determined performance hurdles be met over the
                                                      period 01 June 2025 until 01 June 2030
On Market/Off market trade:                           Off market
Market Value per share:                               R nil
Total transaction value:                              R nil (Conditional value of R894,125.76 based on
                                                      closing price of R89.52 per share on 11 June 2025)
Nature and extent of the company secretary's          Direct beneficial
interest in the transaction:
Prior authority to transact obtained:                 Yes

Name:                                                 T Fick
Designation:                                          Director, Sanlam Emerging Markets Pty Limited, a
                                                      major subsidiary of Sanlam
Date of transaction:                                  11 June 2025
Total number of shares:                               17 449
Nature of transaction:                                Acceptance of a conditional undertaking under the
                                                      Performance Deferred Share Plan to receive fully
                                                      paid-up shares in future should certain pre-
                                                      determined performance hurdles be met over the
                                                      period 01 June 2025 until 01 June 2030
On Market/Off market trade:                           Off market
Market Value per share:                               R nil
Total transaction value:                              R nil (Conditional value of R1,562,034.48 based on
                                                      closing price of R89.52 per share on 11 June 2025)
Nature and extent of the director's interest in the   Direct beneficial
transaction:
Prior authority to transact obtained:                 Yes

Name:                                                 Z Osman Latib
Designation:                                          Company Secretary, Sanlam Emerging Markets Pty
                                                      Limited, a major subsidiary of Sanlam
Date of transaction:                                  11 June 2025
Total number of shares:                               7 243
Nature of transaction:                                Acceptance of a conditional undertaking under the
                                                      Performance Deferred Share Plan to receive fully
                                                      paid-up shares in future should certain pre-
                                                determined performance hurdles be met over the
                                                period 01 June 2025 until 01 June 2030
 On Market/Off market trade:                    Off market
 Market Value per share:                        R nil
 Total transaction value:                       R nil (Conditional value of R648,393.36 based on
                                                closing price of R89.52 per share on 11 June 2025)
 Nature and extent of the company secretary's   Direct beneficial
 interest in the transaction:
 Prior authority to transact obtained:          Yes


Bellville
13 June 2025

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: 13-06-2025 04:00:00
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