| SUMMARISED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
| Unaudited six months ended 31 December 2015 R’000 |
Reviewed six months ended 31 December 2014 R’000 |
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| Balance at beginning of the period | 1 167 079 | 1 123 602 | |
| Issue of share capital (IFRS 3 measurement) | 445 589 | – | |
| Share-based awards reserve | 3 222 | 2 120 | |
| Distribution to shareholders | (55 438) | (84 214) | |
| Net profit for the period | 99 194 | 94 758 | |
| Profit attributable to minorities | 15 531 | 3 328 | |
| Profit on sale of shares (AHA) | 246 738 | – | |
| NAV attributable to SANLAM (AHA) | 456 262 | – | |
| Right of redemption and repurchase | (703 000) | – | |
| Distribution to minorities | (9 529) | (10 063) | |
| Balance at end of the period | 1 665 648 | 1 129 531 |