Selling your shares if held by means of share certificates

You will not be able to sell these shares on the JSE/NSX if they have not been dematerialised. After that the shares can be disposed of through any appropriate channel described below.

You may still sell these shares privately (change of ownership) or transfer them (without change in beneficial ownership). However, to transfer the shares to the new shareholder, you and the new owner must complete a transfer form (obtainable from Computershare) and forward the form, with the necessary revenue stamps affixed to it, to Computershare by registered mail with the share certificate and other additional information and/or documentation as set out in section 2 and the fees set out in section 1.

Selling through Computershare's share dealing service

If your shares are held in Sanlam Share Account, you can sell them by simply phoning 0861 100 913. For security reasons the telephone instruction will be recorded and you will be required to answer certain questions to enable Computershare to ensure that the instruction was given by yourself.

When selling takes place through this share dealing service, the fee for the transfer from Sanlam Share Account will be included in the administration fee for the sale transaction.

Selling through a stockbroker

Please telephone your stockbroker for full particulars. If you do not have an account at a stockbroker as yet, you will be requested to open one before transactions will be done for you. You will also have to confirm to your stockbroker that your shares are in Sanlam Share Account in Computershare's CSDP.

Selling shares in Sanlam Share Account through a stockbroker will have cost implications for you. See section 1.

Private selling

You may sell your shares privately if circumstances necessitate this, or if such an opportunity arises, for example to a family member or business partner or any other willing buyer at a market-related price.

In the event of such a transaction, both the seller and the buyer must complete a transfer form (obtainable from Computershare) and the form, with the necessary revenue stamps affixed to it, must be forwarded to Computershare by registered mail with the necessary additional information and/or documentation as set out in section 2 and the fees set out in section 1.

However, shareholders should be mindful of persons and institutions offering to sell their shares for them or to buy their shares from them. Very often the prices offered are way below market value and sometimes shareholders are not even paid for their shares. Therefore, shareholders are advised to use the channels described in this book when they want to sell their shares.