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BISLI - Availability of the Annual Financial Statements of Sanlam Life for the year ended 31 December 2025
Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
Bond Issuer Code: BISLI
("Sanlam Life" or the "Issuer")
AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF SANLAM LIFE FOR THE YEAR ENDED 31 DECEMBER 2025
In accordance with paragraph 6.7 of the JSE Debt and Specialist Securities Listings Requirements, noteholders
are advised that the annual financial statements of Sanlam Life, for the year ended 31 December 2025, are
available for inspection through a secure electronic manner at the election of the person requesting inspection.
Noteholders are also advised that the audit report on the financial statements of the Issuer is unqualified
with no modifications applicable.
Furthermore, the Issuer would like to advise noteholders that the financial statements contain a restatement of
the Issuer's annual financial statements for the period ended 31 December 2024. The restatement included a
reclassification of cost of sales from the revenue line to administration and other costs within the results from
other operations ("Reclassification").
As a result of the Reclassification, revenue and administration and other costs increased by R1 942 million
for the year ended 31 December 2024. There is no impact to results from other operations.
The annual financial statements of Sanlam Life have also been made available on their website at:
https://www.sanlam.com/downloads/sanlam-life-insurance-limited-annual-financial-statements/2025/Sanlam-Life-Annual-Report-2025.pdf
Johannesburg
12 March 2026
Debt sponsor: The Standard Bank of South Africa Limited
Date: 12-03-2026 09:01:00
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