SAPPI LIMITED - Dealing in Securities by Director of Subsidiary

Dealing in Securities by Director of Subsidiary

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 DIRECTOR OF SUBSIDIARY


GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTOR OF SUBSIDIARY OF A
LISTED COMPANY

Further to the announcement dated 07 December 2017, and 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 director of a 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:

Name                                        :   B Koehldorfer
Subsidiary                                  :   Sappi Papier Holding
Number of shares subject to                 :     7 350
conditional awards
Notional value                                  R716 331.00
(Based on an implied price of R97.46 per
share (closing price on 01 December 2017)

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



Sponsor: UBS South Africa (Pty) Ltd

08 December 2017
Date: 08/12/2017 04:00:00 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.