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Normalised Headline Earnings per share, which exclude the International Financial Reporting Standards transfers between the shareholders’ and policyholders’ funds relating to Sanlam shares held in policyholder portfolios, are also expected to increase by between 25% and 30%. The information in this trading statement has not been reviewed and reported on by Sanlam's auditors. Sanlam’s results for the six months ended 30 June 2014 are due to be released on 4 September 2014.



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