Enhanced Investments - Financial Portal

Completion of Disposals

Published: 2022-05-09 09:36:31 ET

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”)


COMPLETION OF THE DISPOSALS OF SANLAM UK’S 100% SHAREHOLDING IN SANLAM
LIFE AND PENSIONS UK LIMITED, SANLAM PRIVATE INVESTMENTS (UK) LIMITED AND
SANLAM WEALTH PLANNING HOLDINGS UK LIMITED



Shareholders are referred to the respective announcements released by Sanlam on the Stock
Exchange News Service of the JSE Limited on 13 September 2021 and 20 September 2021
regarding the disposal by Sanlam UK of its 100% shareholding in Sanlam Life and Pensions UK
Limited (including its subsidiaries); and Sanlam Private Investments (UK) Limited and Sanlam
Wealth Planning Holdings UK Limited (including its subsidiaries) respectively (the “Transactions”).

The board of directors of Sanlam wish to advise shareholders that the conditions precedent to the
Transactions are fulfilled and the closing processes complete. The respective effective dates of the
Transactions are 27 April 2022 for the sale of Sanlam Life and Pensions UK Limited and 6 May 2022
for the sale of Sanlam Private Investments (UK) Limited and Sanlam Wealth Planning Holdings UK
Limited. The Transactions were completed for an aggregate net consideration of GBP153 million
after transaction costs, in line with Sanlam’s strategy to simplify its UK operations and reallocate
capital to Africa and other selected emerging markets.


Bellville
9 May 2022



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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.