Proposed disposal of Absa shares

Sanlam announced on 9 May 2005 that it has entered into a conditional irrevocable undertaking that it will dispose of at least 60% of its Absa shareholding to Barclays Bank PLC ("Barclays") for R82.50 per share. This is following the announcement of Barclays' proposal to all Absa shareholders to acquire 60% of their shares, also made on 9 May 2005. Sanlam's shareholders' funds currently have a beneficial ownership of approximately 19% in Absa.

Due to the size of the potential disposal, it is submitted to Sanlam shareholders for approval at a general meeting to be held on Thursday 9 June.

Sanlam capital management announcement (11 July 2005)

Minutes of General Meeting

Notice of the Shareholders' meeting

Proxy form

Circular to shareholders

SENS announcement (9 May 2005)

Please note:

PDF documents are viewable using the Adobe® Acrobat Reader.
You can download Acrobat Reader free of charge directly from Adobe (All platforms).