SANLAM NAMIBIA LIMITED REG NO 95/301

Executive director

Tertius Stears Chief Executive CIMA; BComm (Hons) Management Accounting Appointed as Chief Executive Officer of Sanlam Namibia Ltd and Sanlam Namibia Holdings (Pty) Limited in 2006. Joined Sanlam Namibia Ltd in 1995. Associate member of the Chartered Institute of Management Accountants.

Non-executive directors

	Koos Brandt Chairman BA LLB Appointed as director and chairman in 2004. Also chairman of Capricorn Investment Holdings Ltd. Chairman of the board of directors of Bank Windhoek Ltd since 1982, and board of directors of Bank Windhoek Holdings Ltd (now Capricorn Investment Holdings Ltd) since 1996. Chairman of Sanlam Namibia Holdings (Pty) Limited, holdings company of Sanlam Namibia Ltd.
	Matheus Shikongo Deputy Chairman Diploma in Personnel Management & Marketing Appointed as independent director and deputy chairman in 2006. Mayor of the City of Windhoek. Chairman of the board of directors of Welwitschia Nam-mic Insurance Brokers (Pty) Ltd. Served on Advisory Council of the then Commercial Bank of Namibia. Former board member of Nedcor Investment Bank Namibia and Metropolitan Life Namibia. Other directorships: Capricorn Investment Holdings Ltd, Grinaker, Meatco, Distillers, CLGF (Commonwealth Local Government Forum.) Chairmanships: Namibian Marine Resources (also shareholder), Aranos Abattoir, Nutam Mining. Deputy chairman of Sanlam Namibia Holdings (Pty) Limited, holdings company of Sanlam Namibia Ltd.
	Danie Claassen* CA (SA), BComm (Hons) Tax Appointed as director in 2004. Director of Sanlam Namibia Holdings (Pty) Limited, holdings company of Sanlam Namibia Ltd. Chairman: Audit and Risk Committee and member of Board Management Committee of Sanlam Namibia Holdings (Pty) Limited. Currently Head: Group Tax Services of the Sanlam Group.
	Wally Harris* CA (SA) Appointed as director in 2005. Currently Acting Head: SPF Finance (Sanlam SA). Director of Sanlam Life Namibia, Sanlam Home Loans (Pty) Ltd, Sanlam Trust Ltd, Innofin Pty. Ltd, and alternate director of Sanlam Personal Loans. Director of Sanlam Namibia Holdings (Pty) Limited, holdings company of Sanlam Namibia Ltd.
	Jacob Nghifindaka Dipl in Advanced Public Administration Appointed as director in 2006. Currently CEO of Brick & Concrete Industries (Pty) Ltd. Founder MD of Namibia Mineworkers Investment Holdings Co (Pty) Ltd. Served as Trustee of Namdeb Provident & Retirement Fund, TransNamib Medical Aid Fund, Namibia Miners Investment Trust and NamFlex Retirement, Provident and Preservation Fund. Non-executive director of Nam-Mic Holding (Pty) Ltd, NamHealth Holding, Preferred Management Services, Nam-mic Financial Services, Nam-mic Financial Solutions, Sanlam Namibia Holdings (Pty) Limited, Welwitschia Nam-mic Insurance Brokers (Pty) Ltd, Prosperity Health Namibia and Effort Investment Holding.
	Harald Müseler CA (Nam/SA); MBA (Stellenbosch) Appointed as director in 2008. Independent director and trustee of various Namibian Companies and Retirement Funds focusing on corporate governance. Director of Capricorn Asset Management (Pty) Ltd and Chairman of the Capricorn Investment Holdings Ltd audit committee. Board member of the NSX and Chairperson of its audit committee. Currently also involved in private business. Former assurance partner of PricewaterhouseCoopers and its predecessor firms from 1985 to 2006 and responsible for risk management at the Namibian firm. In the early stages of his career, before entering the audit profession in 1978, he worked for Sanlam in its actuarial and investment departments at head office for ten years.
	Hennie de Villiers* BComm (Hons): Mathematical Statistics; FFA, FASSA Appointed as director in 2008. Director of Sanlam Namibia Holdings (Pty) Limited, Sanlam Heathcare Management (Pty) Ltd, Financial Services Exchange (Pty) Ltd, Real Futures (Pty) Ltd and Multi-Data (Pty) Ltd. Currently Chief Executive: Sanlam Topaz & IT in Sanlam Personal Finance.

Company secretariat

Irvin Möller BA-political, LLB Admitted Legal Practitioner - Lower and High Courts of Namibia. 2006 appointed as Group Legal Advisor to Sanlam Namibia Limited. 2007 appointed as Group Company Secretary - Sanlam Namibia Holdings (Pty) Limited, Sanlam Namibia Limited, Capricorn Life Assurance Company Limited, Sanlam Namibia Trust Managers Limited, Life office of Namibia Limited & Capricorn Unit Trust Management Company Limited.

*South African citizen