Availability of the Annual Financial Statements of Sanlam Life for the year ended 31 December 2024
Availability of the Annual Financial Statements of Sanlam Life for the year ended 31 December 2024
Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
Bond Issuer Code: BISLI
("Sanlam Life" or the "Issuer")
AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF SANLAM LIFE FOR THE YEAR ENDED 31 DECEMBER 2024
In accordance with paragraph 6.7 of the JSE Limited Debt and Specialist Securities Listings Requirements,
noteholders are advised that the annual financial statements of Sanlam Life, for the year ended 31 December 2024
are available for inspection through a secure electronic manner at the election of the
person requesting inspection.
Noteholders are also advised that the audit report on the financial statements of the Issuer is unqualified
with no modifications applicable.
Furthermore, the Issuer would like to advise noteholders that the financial statements contain restatements to
previously published 31 December 2023 annual financial statements due to the reclassification of collateral provided
including initial margins as well collateral received from cash and cash equivalents to trading assets and liabilities
respectively. Noteholders are referred to note 39 of the financial statements for full details of the restatements.
The annual financial statements of Sanlam Life have also been made available on their website at:
https://www.sanlam.com/downloads/sanlam-life-insurance-limited-annual-financial-statements/2024/Sanlam-Life-Annual-Report-2024.pdf
7 March 2025
Debt sponsor: The Standard Bank of South Africa Limited
Date: 07-03-2025 09:31:00
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