Sanlam Limited: Changes to the Board of Directors

Sanlam Limited announces the appointment of the following four independent directors to fill casual vacancies on its Board:

Raisibe Morathi an executive of the Industrial Development Corporation. She has been seconded from the IDC to the office of the Deputy President of South Africa as Economic Advisor and is also a member of the SA Institute of Chartered Accountants.

Sipho Nkosi chairperson of African Life Assurance Company Limited, CEO of Eyesizwe Coal (Pty) Ltd and CEO designate of a new company to be formed following the proposed merger between Kumba Resources Ltd and Eyesizwe Coal.

Lazarus Zim currently chief executive of Anglo American SA Ltd. He is also a director of Kumba Resources Ltd, Mondi South Africa Ltd, AngloGold Ashanti Ltd, Anglo Platinum Ltd and Telkom SA Ltd.

Anton Botha former chief executive of Gensec Ltd, currently director of the JSE Ltd, Sanlam Capital Markets, University of Pretoria and Vukile Property Fund Ltd.
The four new directors will retire automatically at Sanlam's AGM on 7 June 2006 but are all available for re-election.

David Brink, who has been a Sanlam board member since