APPOINTMENT OF NEW DIRECTORS TO SANLAM"S BOARD
Sanlam Limited
(Incorporated in the Republic of South Africa)
(Registration number 1959/001562/06)
Share code : SLM
ISIN : ZAE000028262
("Sanlam" or "the Company")
2 April 2004
APPOINTMENT OF NEW DIRECTORS TO SANLAM"S BOARD
The Board of Directors of Sanlam Limited ("Sanlam") yesterday (1 April)
confirmed the appointment of Mr Patrice Motsepe as a non-executive director and
deputy chairman of Sanlam"s Board following the approval of Sanlam"s empowerment
transaction with Ubuntu-Botho (Proprietary) Limited ("Ubuntu-Botho") by Sanlam
shareholders at a General Meeting on 1 April 2004. This appointment is subject
to the completion of the transaction which is expected later in April 2004.
In terms of the transaction, Ubuntu-Botho is entitled to put forward three non-
executive directors to Sanlam"s Board for its consideration. The Board earlier
announced the nomination of Mr Motsepe and yesterday also approved the
appointment of the two other nominees of Ubuntu-Botho, Dr Rejoice Vakashile
Simelane and Mr Bernard Swanepoel also subject to the completion of the
transaction.
These nominated directors will sit on Sanlam"s Board until its Annual General
Meeting in June 2004 when their nominations must be considered by Sanlam
ordinary shareholders for re-appointment.
Mr Motsepe is chairman of Ubuntu-Botho Investments, chairman and founder of
Future Mining, chairman of Harmony Gold Mining Company Limited ("Harmony") and
chairman of African Rainbow Minerals and Exploration Investments (Proprietary)
Limited ("ARMI").
Dr Simelane is the newly appointed chief executive of Ubuntu-Botho and will
retire in June 2004 as special adviser (Economics) to the Premier of Mpumalanga.
She is a director of Harmony and serves on the Advisory Board of the Bureau for
Economic Policy Analysis.
Mr Swanepoel is chief executive of Harmony. He is the current vice president of
the South African Chamber of Mines and the chairman of Abelle Limited. He is a
non-executive director of Anglovaal Mining Limited and Virtual Metals and is a
trustee on the board of the New Africa Mining Fund.
Ends
Date: 02/04/2004 02:57:12 PM Produced by the JSE SENS Department
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