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Sanlam Life Insurance Limited (Incorporated in the Republic of South Africa) (Registration No. 1998/021121/06) Bond Issuer Code: SMT1 Sanlam and Sanlam Life Insurance Limited – Changes to Board of Directors In terms of paragraph 6.39 of the Debt Listings Requirements of the JSE Limited, noteholders are herewith advised of the following change to the boards of directors (“the Boards”) of Sanlam and Sanlam Life Insurance Limited. Ms Thembisa Skweyiya has been appointed as an Independent Non-Executive director to the Boards of Sanlam and Sanlam Life Insurance Limited, effective 18 October 2022. Her appointment has been approved by the Prudential Authority in terms of the Insurance Act No 18 of 2017. Thembisa is an accomplished businesswoman with executive and non-executive director experience on the boards of listed and unlisted entities. Her broad experience spans across a number of business sectors and various fields, including mergers and acquisitions, private equity, development finance, empowerment transactions and structured corporate finance. Thembisa is a former Investment Banker, having occupied roles at Citigroup in Johannesburg and Nedbank Capital. She started her career in the legal profession with White & Case in New York and later moved to their Johannesburg office. Thembisa has been educated in South Africa (UKZN and Wits) and USA (Harvard), holds a B.Proc, LLB LLM degrees, an H.Dip Tax and was admitted to the New York State Bar in 1998. Thembisa’s appointment as Independent Non-Executive Director to the Sanlam Boards was unanimously supported and subsequently recommended for approval by the Sanlam Boards to the Prudential Authority. On behalf of the Sanlam Boards, the Chairman, Elias Masilela, welcomes Thembisa and looks forward to her contributions. Noteholders are also advised that Ms Jeanett Modise has tendered her resignation as Executive Director as well as Group Human Capital Director of the Company with effect from 30 September 2022. The board wishes to thank Ms Modise for her service to the Company. Bellville 04 November 2022 Debt sponsor Absa Bank Limited, acting through its Corporate and Investment Banking division
