SANLAM LIMITED - Repurchase, Cancellation and Delisting of Treasury Shares

Repurchase, Cancellation and Delisting of Treasury Shares

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" or "the Company" or "the Sanlam Group")

Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/021121/06
LEI: 378900E10332DF012A23
Bond issuer code: BISLI
("Sanlam Life")

REPURCHASE, CANCELLATION AND DELISTING OF TREASURY SHARES

Shareholders are advised that Sanlam has repurchased 85,762,051 ordinary shares of 1 cent each
in the issued capital of the Company ("Treasury Shares") held in treasury by its wholly owned
subsidiary, SU BEE Investments SPV (RF) Proprietary Limited at a repurchase price of R72.97 per
share (in aggregate R6,258,056,861.47) (the "Repurchase") on 26 June 2024.

The Repurchase was executed in accordance with the requirements of Section 48 of the Companies
Act No. 71 of 2008, as amended.

The Repurchase was implemented in accordance with and pursuant to the specific approval granted
by Sanlam shareholders under special resolution number 3 adopted at its annual general meeting
held on 5 June 2024.

The Company has applied to the JSE Limited ("JSE") for the cancellation and delisting of the
Treasury Shares as soon as practicably possible.

The Treasury Shares represented 3,89% of the issued share capital of the Company immediately
prior to their cancellation. Following the cancellation, the issued share capital of the Company will
comprise of 2,117,153,949 ordinary shares of 1 cent each and the number of treasury shares is
29,647,350.

The information contained in this announcement has not been reviewed or reported on by the
Sanlam Group's auditors.

Cape Town, 26 June 2024


JSE Sponsor: The Standard Bank of South Africa Limited
Debt sponsor to Sanlam Life Insurance Limited: Rand Merchant Bank, a division of FirstRand Bank
Limited

Date: 26-06-2024 02:00:00
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