Sanlam Limited (JSE:SLM) News - 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”) CAUTIONARY ANNOUNCEMENT Shareholders are advised that Sanlam and Allianz SE are exploring various strategic alternatives 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 Sanlam’s securities. Accordingly, shareholders are advised to exercise caution when dealing in Sanlam's securities until a further announcement in this regard is made. Bellville 22 December 2021 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: 22-12-2021 09:00:00 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.