Sanlam Limited (JSE:SLM) News - Further Cautionary Announcement Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 ISIN: ZAE000070660 JSE / A2X share code: SLM NSX share code: SLA (“Sanlam” or “Company”) Further Cautionary Announcement Further to the cautionary announcement released on the Stock Exchange News Service of the JSE Limited on 22 December 2021, shareholders are advised that Sanlam and Allianz SE continue to explore various strategic options in relation to their respective African business units (excluding South Africa). If these strategic alternatives result in a transaction which is successfully concluded, it may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities, until a further announcement is published. Bellville 3 February 2022 Enquiries Sanlam Investor Relations Phone: +27 21 947 8455 Email: ir@sanlam.co.za Financial adviser and Transaction Sponsor to Sanlam J.P. Morgan Legal adviser to Sanlam Webber Wentzel Date: 03-02-2022 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.