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) Bond Issuer Code: SMT1 (“Sanlam Life”) Directors and Prescribed Officers 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 Prescribed Officers in Sanlam securities: Name: P Hanratty Designation: Executive Director Date of transaction: 22 March 2023 Total number of shares: 144 023 Nature of transaction: Transfer of Sanlam ordinary shares to the Sanlam Ltd Share Incentive Trust for no consideration following the forfeiture thereof in terms of CEO remuneration agreement On market/Off market trade: Off market Market value per share: R nil Total transaction value: R7 929 906.38 based on the closing price of R55.06 per share on 22 March 2023 Nature and extent of the Direct beneficial interest in the transaction: Class of securities: Ordinary shares Prior authority to transact obtained: Yes Name: A Mukhuba Designation: Executive Director Date of transaction: 22 March 2023 Total number of shares: 31 131 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 714 072.86 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: H Werth Designation: Executive Director Date of transaction: 22 March 2023 Total number of shares: 36 320 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 999 779.20 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: A Gildenhuys Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 31 131 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 714 072.86 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: M Mahlangeni Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 33 725 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 856 898.50 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: B Madikiza Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 25 943 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 428 421.58 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: K Mkhize Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 23 867 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 314 117.02 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: K Socikwa Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 19 457 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 071 302.42 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: C Roothman Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 25 943 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 428 421.58 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: T Mabaso Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 22 051 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R1 214 128.06 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Name: S Bray Designation: Prescribed Officer Date of transaction: 22 March 2023 Total number of shares: 4 324 Nature of transaction: Acceptance of Sanlam Ltd shares representing the deferred bonus component of the 2022 performance bonus award. Release of these shares on 31 March 2026 is subject to pre-determined conditions. On Market/Off market trade: Off market Market Value per share: R nil Total transaction value: R nil (Conditional value of R238 079.44 based on closing price of R55.06 per share on 22 March 2023) Nature and extent of the Direct beneficial director’s interest in the transaction: Prior authority to transact obtained: Yes Bellville [23] March 2023 Sponsor The Standard Bank of South Africa Limited Debt Sponsor to Sanlam Life Insurance Limited Absa Bank Limited, acting through its Corporate and Investment Banking division