Sanlam Life Insurance Limited (Incorporated in the Republic of South Africa) (Registration No. 1998/021121/06) Bond Company Code: SMT1 LEI: 378900E10332DF012A23 (“Sanlam Life” or the “issuer”) Notification of a change to the ongoing debt sponsor Pursuant to paragraph 2.6 of the JSE Limited Debt Listings Requirements, noteholders are hereby advised that Sanlam Life, has terminated the services of Absa Corporate and Investment Bank, a division of Absa Bank Limited, as its ongoing debt sponsor due to the rotation of ongoing debt sponsors, effective on 6 October 2023 (the “effective date”). Sanlam Life further advises noteholders that the issuer has appointed Rand Merchant Bank (a division of FirstRand Bank Limited), as its ongoing debt sponsor, from the effective date. 8 September 2023 JSE Equity and Debt Sponsors Equity Sponsor to Sanlam Limited The Standard Bank of South Africa Limited Debt Sponsor to Sanlam Life Insurance Limited Absa Corporate and Investment Bank, a division of Absa Bank Limited 1