Your shares can be held in the following ways:

In Sanlam Share Account in Computershare's CSDP

Shareholders in Sanlam Share Account have the benefit of using Computershare's share dealing service - this is an inexpensive and easy option, particularly for smaller shareholders.

Since the implementation of STRATE you can also use the services of a stockbroker of your choice, should you prefer to do so. However, the latter option will have cost implications for you, as explained in the sections regarding the buying and selling of shares.

There are still no charges for holding your shares in Sanlam Share Account, but Sanlam reserves the right to recover the costs involved for changes to address and bank account particulars. Twice a year you will receive a statement confirming your shareholding, free of charge.

In your own name in a CSDP

Computershare's CSDP offers this facility. However, any fees levied by Computershare for the facility will not be carried by Sanlam since Sanlam Share Account already offers this facility.

Therefore, shareholders choosing not to use Sanlam Share Account will have to foot the bill themselves. This principle was approved by the Financial Services Board. Please consult Computershare for particulars and costs in this regard.

In other CSDP's

You also have the option to hold your shares in a CSDP through a nominee company of a stockbroker or any other nominee company. Consult your stockbroker or bank for particulars and costs should you wish to go this route.

By means of share certificates

You may continue to hold your shares by means of share certificates. However, remember that you will first have to dematerialise your shares before you will be able to trade them on the JSE/NSX. In the meantime, your share certificates will remain your proof of ownership.