SNT SLM
SNT SLM
Sanlam/Santam - Joint Cautionary Announcement
Sanlam Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1959/001562/06)
JSE share code: SLM
NSX share code: SLA
ISIN number: ZAE000070660
("Sanlam")
Santam Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1918/001680/06)
JSE share code: SNT
NSX share code: SNM
ISIN number: ZAE000006854
("Santam")
JOINT CAUTIONARY ANNOUNCEMENT
The shareholders of Sanlam and Santam are advised that the boards of directors
of the respective companies are currently engaged in discussions that may or may
not lead to Sanlam making an offer to acquire all of the issued ordinary shares
of Santam that it does not already own (the "Potential Offer").
The board of directors of Santam has formed an independent sub-committee (the
"Independent Committee") whose main responsibilities will be to ensure
appropriate governance throughout any ensuing processes and to consider the
Potential Offer.
The Independent Committee is also in the process of appointing independent
advisors to assist it in its tasks and to provide it with advice as may be
required with regards to the Potential Offer.
Further announcements regarding the discussions will be made by Sanlam and
Santam in due course.
Accordingly, Sanlam and Santam shareholders are advised to exercise caution when
dealing in their shares until such announcements have been made.
Bellville
23 August 2006
Sponsor to Sanlam
JP Morgan Equities Limited
Sponsor to Santam
Investec Bank Limited
Date: 23/08/2006 03:03:03 PM Produced by the JSE SENS Department
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