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African Life/Sanlam/Momentum - Clarification of SENS announcement published on
25 November 2005
African Life Assurance
Company Limited
Incorporated in the Republic of South Africa
Registration number: 1911/003818/06
JSE code: AFI
ISIN: ZAE000000246
("African Life")
Sanlam Limited
Incorporated in the Republic of South Africa
Registration number: 1959/001562/06
JSE code: SLM
NSX code: SLA
ISIN: ZAE000070660
("Sanlam")
Momentum Group Limited
Incorporated in the Republic of South Africa
Registration number: 1904/002186/06
("Momentum")
Clarification of SENS announcement published on 25 November 2005
Reference is made to the SENS announcement "Offer consideration" published on
Friday, 25 November 2005. In order to avoid any confusion, African Life
shareholders are advised that the African Life Health (Proprietary) Limited
disposal has not become unconditional and, if the scheme becomes unconditional
and is implemented, each scheme participant will receive the base offer
consideration of R22.05 per African Life ordinary share on the operative date of
the scheme which is expected to be on or about Monday, 12 December 2005.
Johannesburg
28 November 2005
Corporate advisor to African Life
Metier
Sponsor to African Life
Merrill Lynch South Africa (Pty) Ltd
Registration number 1995/001805/07
Registered Sponsor and Member of the JSE Limited
Independent advisor to African Life
KPMG
Corporate law advisor to African Life
Edward Nathan
Corporate Law Advisers
Edward Nathan (Proprietary Limited)
Registration No. 2004/005665/07
Reporting accountants to African Life
PricewaterhouseCoopers Inc
Chartered Accountants (SA)
Registered Accountants and Auditors
(Registration no 1998/012055/21)
Attorneys to African Life
KNOWLES HUSAIN LINDSAY INC ATTORNEYS
(Registration number 2000/000004/21)
Corporate advisor and transactional sponsor to Sanlam
ABSA Corporate & Merchant Bank
Corporate Finance
ABSA Bank Limited
Reg No 1986/004794/06
Attorneys to Sanlam
JOWELL GLYN & MARAIS
Merchant bank to Momentum
RAND MERCHANT BANK
A division of FirstRand Bank Limited
Attorneys to Momentum
Hofmeyr Herbstein & Gihwala Inc.
Registration number 1997/001523/21
Date: 28/11/2005 12:18:18 PM Produced by the JSE SENS Department
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