New director for Sanlam

In accordance with the JSE Limited Listings Requirements [par. 3.59(a)], notification is hereby given that Mr. Desmond Smith (61) has been appointed as non-executive director on the Boards of Sanlam Limited and Sanlam Life Insurance Limited with effect from 8 June 2009. Mr. Smith is appointed in one of the vacancies on these Boards following the earlier resignations of Ms. Maria Ramos and Dr. Wilmot James. He is currently chairman of both Santam Limited and the Reinsurance Group of America (South Africa) (RGA), and a director of a number of companies.

Mr. Smith joined Sanlam in 1968, where he became Managing Director in 1993. He retired from Sanlam at the end of 1997. He served as Managing Director of the RGA from 1999 until 2005.

He is a Past President of the Pensions Institute of Southern Africa and of the Actuarial Society of South Africa. He currently serves on a number of the committees of the Society and the International Actuarial Association. He was Chairman of the Life Offices Association of South Africa (LOA) in 1996, 2004 and 2008. He is past Chairman of the Council of Stellenbosch University, serves on the Advisory Board of the University's Graduate School of Business and is Chairman of the Stellenbosch Institute for Advanced Studies (STIAS). He serves on the Advisory Committee on Long-term Insurance and the Council of the Ombudsman for Long-term Insurance.

Mr. Smith holds the following qualifications: B.Sc (cum laude) (Univ.Stellenbosch) FASSA, ISMP (Harvard Business School)