Sanlam Limited acquired 25.1% stake in NICO Holdings Limited from Santam Ltd..

NICO Holdings Plc is one of the African largest financial services groups. Revenues (including intragroup) break down by activity as follows: - life insurance and pension funds management (46.9%); - banking services (23.8%); - non-life insurance (18.4%); - asset management (6.1%); - investment holding (3.9%); - other (0.9%): primarily IT services. Revenues break down geographically as follows: Malawi (92.7%) and Zambia (7.3%).