Debt investors

Sanlam's credit rating

Standard & Poors (S&P) issued the following ratings for Group companies on 2 December 2022:

Sanlam Limited

• SA National Scale: zaA+

Sanlam Life Insurance Limited

• SA National Scale: zaAAA

Subordinated debt issued by Sanlam Life Insurance Limited

• SA National Scale: zaA+

Santam Limited

• SA National Scale: zaAAA

Santam Structured Insurance Limited

• SA National Scale: zaAA

Sanlam Capital Markets

• SA National Scale: zaAA

S&P Global ratings

• S&P Global Rating – 10 March 2023
• S&P Global Rating – 02 December 2022