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”) Directors’ and Company Secretary dealings in Sanlam securities In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by directors and the Company Secretary in Sanlam securities: Name: PB Hanratty Designation: Executive Director Date of transaction: 17 September 2020 Total number of shares: 3 000 000 Total transaction value: R nil (Conditional value of R161,580,000 based on closing price of R53.86 per share on 17 September 2020) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Grant, acceptance and transfer of first tranche of Restricted Sanlam Ltd Shares under Restricted Share Plan (long-term retention with performance hurdles) in terms of executive director’s employment arrangement concluded in June 2020. Vesting is subject to pre-determined performance hurdles being met over the period 01 July 2020 until 30 June 2025. On market/Off market trade: Off market Prior authority to transact obtained: Yes Name: HC Werth Designation: Executive Director Date of transaction: 17 September 2020 Total number of shares: 72 517 Total transaction value: R nil (Conditional value of R3,905,765.62 based on closing price of R53.86 per share on 17 September 2020) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and 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 2020 until 01 June 2025 On market/Off market trade: Off market Prior authority to transact obtained: Yes Name: J Modise Designation: Executive Director Date of transaction: 17 September 2020 Total number of shares: 28 906 Total transaction value: R nil (Conditional value of R1,556,877.16 based on closing price of R53.86 per share on 17 September 2020) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and 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 2020 until 01 June 2025 On market/Off market trade: Off market Prior authority to transact obtained: Yes Name: S Bray Designation: Group Company Secretary Date of transaction: 17 September 2020 Total number of shares: 17 426 Total transaction value: R nil (Conditional value of R938 564.36 based on the closing price of R53.86 per share on 17 September 2020) Retention and performance Five years period: Nature and extent of the Direct beneficial director’s interest in the transaction: Class of securities: Ordinary shares Nature of transaction: Acceptance of a conditional undertaking under the Deferred Share Plan and 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 2020 until 01 June 2025 On market/Off market trade: Off market Prior authority to transact obtained: Yes Bellville 18 September 2020 Sponsor The Standard Bank of South Africa Limited Date: 18-09-2020 02:00:00 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.