SANLAM LIMITED - Proposed Sale Of Shareholding In Sanlam Private Investments (UK) and Sanlam Wealth Planning Holdings UK To Oaktree

Proposed Sale Of Shareholding In Sanlam Private Investments (UK) and  Sanlam Wealth Planning Holdings UK To Oaktree

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”)

PROPOSED SALE OF SANLAM UK’S 100% SHAREHOLDING IN SANLAM PRIVATE
INVESTMENTS (UK) HOLDINGS LIMITED AND SANLAM WEALTH PLANNING HOLDINGS UK
LIMITED TO OAKTREE


The board of directors of Sanlam is pleased to announce the conclusion of agreements between its
wholly owned subsidiary, Sanlam UK Limited (“Sanlam UK”) and funds managed by Oaktree Capital
Management, L.P., for the disposal by Sanlam UK of its 100% shareholding in Sanlam Private
Investments (UK) Holdings Limited and Sanlam Wealth Planning Holdings UK Limited and their
subsidiaries (the “Transaction”) in line with Sanlam’s strategy to simplify its UK operations and
reallocate capital to Africa and other selected emerging markets.

The Transaction consideration is GBP140 million and is not a categorised transaction in terms of the
Listings Requirements of the JSE Limited. Conditions precedent to the Transaction include
regulatory approvals in South Africa and the UK.

Following the fulfilment of the conditions precedent, the effective date of the Transaction is expected
to occur during the first quarter of 2022.


Bellville
20 September 2021



Enquiries
Sanlam Investor Relations
Phone: +27 21 947 8455
E-mail: ir@sanlam.co.za



Sponsor to Sanlam
The Standard Bank of South Africa Limited

Date: 20-09-2021 03:28:00
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