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Wed 25 Nov 2009, 17:24 SLM - Sanlam Limited - Deutsche Bank Appointed As Depositary Bank For The
SLM
SLM                                                                             
SLM - Sanlam Limited - Deutsche Bank Appointed As Depositary Bank For The       
                   American Depositary Receipt Program Of Sanlam Limited        
Sanlam Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1959/001562/06)                                            
JSE share code: SLM                                                             
NSX share code: SLA                                                             
ISIN: ZAE000070660                                                              
("Sanlam")                                                                      
DEUTSCHE BANK APPOINTED AS DEPOSITARY BANK FOR THE AMERICAN DEPOSITARY RECEIPT  
PROGRAM OF SANLAM LIMITED                                                       
UNITED STATES / SOUTH AFRICA, 25 November, 2009 - Deutsche Bank today announced 
its appointment as depositary bank for the sponsored Level I American Depositary
Receipt (ADR) program of Sanlam Limited (Sanlam).                               
Sanlam is a leading financial services group in South Africa providing financial
solutions to individual and institutional clients.  From a life insurance       
company, established in 1918, it has grown into a diversified one-stop financial
services group.  Sanlam`s vision is to be the leader in wealth creation and     
protection in South Africa, leading that process in the emerging markets and    
playing a niche role in the developed markets.  Sanlam`s head office is located 
in Bellville (near Cape Town), with offices throughout South Africa and business
interests elsewhere in Africa, Europe, India and Australia.*                    
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We are  
delighted to be appointed depositary bank for Sanlam`s sponsored ADR program.   
Utilizing Deutsche Bank`s specialized services, we look forward to working with 
Sanlam to help enhance its ADR investor relations and develop the program."     
For further information, please call:                                           
Deutsche Bank:                                                                  
Libby Young             +44 (0) 20 7545 6941                                    
Press Office                                                                    
Scott Helfman           +1 212 250 5602                                         
Press Office                                                                    
About Deutsche Bank                                                             
Deutsche Bank is a leading global investment bank with a strong and profitable  
private clients franchise. A leader in Germany and Europe, the bank is          
continuously growing in North America, Asia and key emerging markets. With      
78,530 employees in 72 countries, Deutsche Bank offers unparalleled financial   
services throughout the world. The bank competes to be the leading global       
provider of financial solutions for demanding clients creating exceptional value
for its shareholders and people.                                                
www.db.com                                                                      
more                                                                            
Trust & Securities Services                                                     
Deutsche Bank`s Trust & Securities Services business, part of Global Transaction
Banking, is one of the leading providers of trustee, agent, depositary,         
registrar, SPV management and related services for a wide range of financial    
structures and transactions. It is a leading depositary for American and Global 
Depositary Receipts, providing value-added services to companies raising capital
in international markets or listing on the New York, Nasdaq, London, Luxembourg,
Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It   
also offers fund and hedge fund administration and, through a fully integrated  
network of specialist offices worldwide, provides domestic custody services in  
more than 30 securities markets. Additional details are available on            
www.adr.db.com or www.tss.db.com.                                               
This announcement appears as a matter of record only. This announcement has been
approved and/or communicated by Deutsche Bank AG London.                        
*Source: Sanlam Limited (November 2009)                                         
The Depositary Receipts have been registered pursuant to the US Securities Act  
of 1933 (the "Act"). The investment or investment service which is the subject  
of this notice is not available to retail clients as defined by the UK Financial
Services Authority. This notice has been approved and/or communicated by        
Deutsche Bank AG London. The services described in this notice are provided by  
Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries     
and/or affiliates in accordance with appropriate local registration and         
regulation. Deutsche Bank is providing the attached notice strictly for         
information purposes and makes no claims or statement, nor does it warrant or in
any way represent, as to the accuracy or completeness of the details contained  
herein or therein. This announcement appears as a matter of record only. Neither
this announcement nor the information contained herein constitutes an offer or  
solicitation by Deutsche Bank or any other issuer or entity for the purchase or 
sale of any securities nor does it constitute a solicitation to any person in   
any jurisdiction where solicitation would be unlawful. No part of this notice   
may be copied or reproduced in any way without the prior written consent of     
Deutsche Bank. Past results are not an indication of future performance.        
Copyright(C) November 2009 Deutsche Bank AG. All rights reserved.               
Bellville                                                                       
25 November 2009                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 25/11/2009 17:24:03 Produced by the JSE SENS Department.                  
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