Sanlam Limited - Further Cautionary Announcement
Sanlam Limited
(Incorporated in the Republic of South Africa)
(Registration number 1959/001562/06)
(Share code: SLM)
(ISIN code: ZAE000028262)
("Sanlam" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of Sanlam are referred to the detailed joint cautionary
announcement dated 4 December 2003 regarding an empowerment transaction that
will result in Ubuntu-Botho Investments Limited acquiring an initial 10% equity
holding in Sanlam.
Shareholders are advised that the requisite legal agreements are still being
finalised. Accordingly, the shareholders of Sanlam are advised to continue to
exercise caution when dealing in their securities until a further announcement
is made.
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