SANLAM LIMITED — Director's Dealing 2026

Mar 27, 2026

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")

Directors' dealings in Sanlam securities

In compliance with paragraphs 6.77 to 6.80 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by executive directors in Sanlam securities:

Name:	P Hanratty
Designation:	Executive Director
Date of transaction:	25 March 2026
Total number of shares:	435 950
Nature of transaction:	Transfer of forfeited Sanlam ordinary shares to the Sanlam Ltd Share Incentive Trust for no consideration following the performance measurement of the shares awarded in terms of the CEO remuneration agreement.
On market/Off market trade:	Off market
Market value per share:	R nil
Deemed transaction value:	R39 858 908.50 based on the closing price of R91.43 per share on 25 March 2026
Nature and extent of the interest in the transaction:	Direct beneficial
Class of securities:	Ordinary shares
Prior authority to transact obtained:	Yes
Name:	P Hanratty
Designation:	Executive Director
Date of transaction:	25 March 2026
Total number of shares:	235 758
Nature of transaction:	Acceptance and transfer of Sanlam ordinary shares representing the outcome of the performance measurement for the period 1 July 2025 to 31 December 2025 in terms of the CEO remuneration agreement. Release of these shares on 1 May 2028 is subject to pre-determined conditions
On Market/Off market trade:	Off market
Market Value per share:	R nil
Deemed transaction value:	R nil (Conditional value of R21 555 353.94 based on closing price of R91.43 per share on 25 March 2026)
Nature and extent of the director's interest in the transaction:	Direct beneficial

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Class of securities:
Prior authority to transact obtained:
Ordinary shares
Yes

Name:
A Mukhuba
Designation:
Executive Director
Date of transaction:
25 March 2026
Total number of shares:
27 585
Nature of transaction:
Acceptance and transfer of Sanlam ordinary shares representing the deferred bonus component of the 2025 financial year performance bonus award. Release of these shares on 27 March 2029 is subject to pre-determined conditions.

On Market/Off market trade:
Off market
Market Value per share:
R nil
Deemed transaction value:
R nil (Conditional value of R2 522 096.55 based on closing price of R91.43 per share on 25 March 2026)

Nature and extent of the director's interest in the transaction:
Direct beneficial
Class of securities:
Ordinary shares
Prior authority to transact obtained:
Yes

Name:
A Mukhuba
Designation:
Executive Director
Date of transaction:
25 March 2026
Total number of shares:
31 131
Nature of transaction:
Transfer of Sanlam ordinary shares due for release under the Restricted Share Plan 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
Market Value per share:
R nil
Deemed transaction value:
R nil (Conditional value of R2 846 307.33 based on closing price of R91.43 per share on 25 March 2026)

Nature and extent of the director's interest in the transaction:
Direct beneficial
Class of securities:
Ordinary shares
Prior authority to transact obtained:
Yes

Bellville
27 March 2026

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