SAP - Sappi Limited - Dealing in securities by a Director of a subsidiary

SAP - Sappi Limited - Dealing in securities by a Director of a subsidiary       
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 A DIRECTOR OF A SUBSIDIARY OF SAPPI                    
In terms of paragraph 3,63 of the Listings Requirements of JSE Limited, Sappi   
provides the following information regarding the awards of shares in Sappi to Mr
M Gardner, Chief Executive Officer of a major subsidiary company.               
The dealings for which clearance was received in terms of Listings Requirement  
3,66, are as follows                                                            
Director`s name                 Mark Gardner                                    
Company                         Sappi Fine Paper North America                  
Date of transactions            12 September 2007                               
Nature of transaction No. 1     Grant of conditional share awards in            
                               terms of the Sappi Limited Performance           
                               Share Incentive Plan                             
                                                                                
Number of Conditional Share     In respect of 25 000 shares                     
Awards                                                                          
Share price                     No consideration                                
Vesting date if performance     12 September 2011                               
conditions met                                                                  
Class of security               Ordinary shares                                 
Extent of interest              Direct beneficial                               
                                                                                
Nature of transaction No. 2     Award of shares to Mark Gardner in terms        
                               of his service contract.                         
                                                                                
Number of Shares                10 000                                          
Share price                     No consideration to Mark Gardner                
Vesting date                    10 September 2008                               
Class of security               Ordinary shares                                 
Extent of interest              Direct beneficial                               
Johannesburg                                                                    
14 September 2007                                                               
Date: 14/09/2007 11:02:01 Supplied by www.sharenet.co.za                     
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