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Shareholders are referred to the announcement released by Sanlam on the Stock Exchange News Service of the JSE on 25 January 2017, regarding the acquisition of a 53% interest in BrightRock via a combination of an acquisition and subscription of shares by Sanlam Life Insurance Limited, a wholly-owned subsidiary of Sanlam (“the Transaction”).

The board of directors of Sanlam wish to advise shareholders that all of the conditions precedent relating to the Transaction have now been fulfilled and the closing process completed. The effective date of the Transaction is 1 September 2017.

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