SANLAM'S AFRICA PROPERTY FUND TO LIST IN MAURITIUS: STATEMENT

     (The following press release from Sanlam Investment Management was 
received by e-mail. The sender verified the statement.) 
Media release
SANLAM'S AFRICA PROPERTY FUND TO LAUNCH AT END MARCH 
Johannesburg, 11 February 2013: Sanlam's<http://www.sanlam.co.za> pan 
Sub-Saharan Africa Real Estate Fund will launch at the end of March.  The fund 
will allow local and international investors to invest in high quality retail 
and commercial real estate across select Sub-Saharan African countries. 
Johan van der Merwe<http://www.linkedin.com/in/johanvandermerwe>, CEO of Sanlam 
Investments says that the timing for the fund launch is opportune, "While the 
majority of the developed world is struggling to find yield, the African 
continent currently has seven of the top 10 growing economies in the world. 
This creates a unique opportunity for the Sanlam Group to take advantage of its 
positioning and provide the investor community with a suite of products that 
facilitates participation in these markets. This fund aims to take advantage of 
the favourable supply and demand imbalance for quality real estate across the 
subcontinent, as well as its strengthening demographics and resultant return 
characteristics." 
He said the fund forms an integral part of the Sanlam growth strategy into 
Africa and takes advantage of the group's large, established footprint which 
currently has substantial businesses in 11 key countries across the African 
sub-continent. 
Thomas Reilly, CEO of Sanlam 
Properties<http://www.sanlam.co.za/wps/wcm/connect/sanlam_investments_en/SanlamI
nvestments/Our+Businesses/Sanlam+Properties+%28SP%29/>, says the problem for 
the sophisticated investor to date has largely been to find an internationally 
acceptable product to access this growing market. This fund has been structured 
to the highest international standard to provide an acceptable platform for 
both local and international investors to tap the growth potential of the 
Sub-Saharan African real estate market. "It has taken over two years of hard 
work to finalise and we have been able to secure a strong pipeline of select 
assets with attractive returns. Investors will benefit from the first mover 
advantage created by the launch of this fund. 
"We intend listing the fund from inception on the Stock Exchange of Mauritius 
and will target double digit US Dollar investor returns. Given the fact that 
the fund assumes little or no development risk, these returns are proving to be 
attractive to investors, particularly when taking into account the lowered risk 
profile of the fund." 
Sanlam expects to grow a portfolio in excess of US$500m over the medium term 
with the bulk of initial investors expected to be sourced from the US and 
Southern  African investor markets. It plans to close the initial capital 
raising process on 31st March with the target audience being the larger 
institutions in the savings industry. The fund excludes investments in South 
African real estate. 
For more information on the fund contact Michelle Marais at Sanlam, 
michellem@scm.sanlam.co.za<mailto:michellem@scm.sanlam.co.za>  or 011 778 6260. 
Ends 
About Sanlam Investments
Sanlam Investments is one of the three core clusters within the Sanlam group 
and consists of 15 specialised investment and wealth management businesses 
offering individual and institutional clients access to comprehensive expertise 
within one company. Each business within the Sanlam Investments cluster 
functions as an entrepreneurial entity with a shared focus on delivering 
leading performance and exceptional client service. This is achieved by 
instilling passionate ownership as an intrinsic value among the people working 
at Sanlam Investments.
It is based in Cape Town, with a strong presence in sub-Saharan Africa and 
footprints in the United Kingdom and elsewhere in Europe, as well as in the 
United States. Its diverse client base includes retirement funds, corporations, 
financial institutions, individual investors, governments and government 
agencies.
 
 
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