SAPPI LIMITED - Vesting of conditional share awards granted to a director of a listed company

Vesting of conditional share awards granted to a director of a listed company

Sappi Limited
(Incorporated in the Republic of South Africa)                          
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
(“Sappi” or “the Company”)


DEALING IN SECURITIES BY A DIRECTOR


Vesting of conditional share awards granted to a director of a listed company

In terms of paragraph 3.63 of the Listings Requirements ("Requirements") of the JSE
Limited, we hereby provide the following information regarding the vesting of conditional
share awards granted by Sappi to the undermentioned director of a major subsidiary of the
Company. The necessary authority in terms of paragraph 3.66 of the Requirements was
obtained and this was an off-market transaction.


 Director’s name              :       Mr A van C Thiel

 Company of which he is       :       Sappi Southern Africa Limited
 a director

 Nature of transaction        :       Vesting of grants of conditional share awards in terms of
                                      the Sappi Limited Performance Share Incentive Trust

 Date of transaction          :       10 February 2018

 Number of conditional        :       200 000 as per SENS announcement dated
 Share awards granted                 12 February 2014

 Date of grant                :       10 February 2014

 Implied price                :       R81.80 per share (closing price on 09 February 2018)

 Vesting period               :       4 years from date of grant

 Percentage of grants         :       100%
 vested

 Class of security            :       Ordinary shares

 Extent of interest           :       Direct beneficial


Johannesburg
12 February 2018

Sponsor: UBS South Africa (Pty) Ltd

Date: 12/02/2018 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.