SAPPI LIMITED - Dealing in Securities by Directors and Company Secretary

Dealing in Securities by Directors and Company Secretary

Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284

(“Sappi” or “the Company”)



DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY



GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
COMPANY AND COMPANY SECRETARY

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
(“Requirements”), we hereby provide the following information regarding the granting of
conditional share awards by Sappi to the undermentioned directors of the Company and its
major subsidiary companies and company secretary. The necessary authority in terms of
paragraph 3.66 of the Requirements was obtained and these were off-market transactions:

Date of notification of transaction to   :   04 December 2017
participant
Nature of transaction                    :   Annual grants of conditional share awards in
                                             terms of the Sappi Limited Performance
                                             Share Incentive Plan

Strike price                             :   Nil (no consideration)
Vesting dates for conditional share :        04 December 2021
awards
Class of security                        :   Ordinary shares
Extent of interest                       :   Direct beneficial
                                                                                                           


A
                                                                        NUMBER OF      NOTIONAL
                                                                          SHARES
             NAME                          COMPANY                      SUBJECT TO      VALUE *
                                                                       CONDITIONAL
                                                                         AWARDS            (R)
    SR    BINNIE          Sappi Limited                                   137 000     13 352 020.00
    SJ    BLYTH           Sappi Papier Holding                             22 000      2 144 120.00
    M     GARDNER         Sappi North America / Sappi Papier Holding       76 000      7 406 960.00
    S     MANCHESTER      Sappi North America (Company Secretary)          22 000      2 144 120.00
    F     MARUPEN         Sappi North America                              51 000      4 970 460.00
    P     MOODLEY         Sappi Southern Africa                            22 000      2 144 120.00
    J     PÄSSLER         Sappi Papier Holding                             23 000      2 241 580.00
    GT    PEARCE          Sappi Limited                                    63 000      6 139 980.00
    AvC   THIEL           Sappi Southern Africa                            76 000      7 406 960.00
    AJ    TREGONING       Sappi Limited (Company Secretary)                15 000      1 461 900.00
    M     VAN HOVEN       Sappi North America                              59 000      5 750 140.00
    BJ    WIERSUM         Sappi Papier Holding                             76 000      7 406 960.00
          Based on an implied price of R97.46 per share (closing price on 01 December
     *    2017)




Sponsor: UBS South Africa (Pty) Ltd
07 December 2017


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