Sappi Limited - Dealing in securities by directors of listed companies

Sappi Limited - Dealing in securities by directors of listed companies          
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP & ISIN: ZAE000006284                                            
("Sappi" or the "Company")                                                      
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES                          
In terms of paragraph 3.63 of the Listing Requirements of the JSE Limited, we   
hereby provide the following information regarding dealing in securities of     
Sappi by directors of the Company and by directors of the Company"s major       
subsidiary companies. The dealing which is in terms of the Sappi Limited Share  
Incentive Scheme, and for which clearance was received in terms of Listings     
Requirement 3.74, is as follows:                                                
Director"s Name               :    John Leonard Job                             
Company                       :    Sappi Limited                                
Date of transaction           :    13 December 2005                             
Nature of transaction         :    Award of shares in terms of employment       
                                   contract                                     
Number of shares sold         :    6 000                                        
Selling price                 :    n/a                                          
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
Director"s Name               :    Laurence John Newman                         
Company                       :    Sappi International SA                       
Date of transaction           :    13 December 2005                             
Nature of transaction         :    Payment for shares in terms of obligations   
                                   under the Sappi Limited Share Incentive      
Scheme                                       

Number of shares acquired     :    1 000                                        
Dates rights granted          :                                                 
and prices                    :    15 January 2001 : R49,00                     
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
Director"s Name               :    Donald Gert Wilson                           
Company                       :    Sappi Limited                                
Date of transaction           :    13 December 2005                             
Nature of transaction         :    Sale of shares arising from exercise of      
                                   rights to shares in terms of the Sappi       
                                   Limited Share Incentive Scheme               
Number of rights              :    1. 15 061                                    
exercised/shares sold         :    2.    939                                    
Dates rights granted                                                            
and prices                    :    1 April 1999, R21,30                         
Vesting period                :    Over 5 years                                 
Selling price                 :    1. R74,00                                    
                                   2. R74,10                                    
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
19 December 2005                                                                
Date: 19/12/2005 08:12:08 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department