/ 10 March 2000

SANLAM HEADLINE EARNINGS CATAPULT

SANLAM said on Wednesday that it has boosted its headline earnings for the year ending December 31 1999 by 65% to R1955-million. Headline earnings per share amount to 73,4 cents – 26% higher than in 1998. A 26% return on equity has been achieved and Sanlam’s operating profit increased by 39% to R1722-million. Announcing the results, Sanlam cairman Marinus Daling said that it is evident that the energy released by Sanlam’s listing in 1998 and the focus achieved by decentralising into four distinct businesses flowed through the organisation in 1999.