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 Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding dealing in securities of     
Sappi by a director of the Company and by directors of a major subsidiary.  The 
dealing which is in terms of the Sappi Limited Share Incentive Scheme, and for  
which clearance was received in terms of Listings Requirement 3.66, is as       
follows:                                                                        
Director"s Name               :    H Gebreiter                                  
Company                       :    Sappi Fine Paper Europe                      
Date of transaction           :    21 November 2006                             
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                                                                
exercised/shares sold         :    15 000                                       
                           Offer Date                 Offer    Selling          
                                                      Price    Price            
Date rights granted   1.   10 000 on 15 January 2001  R79,25   R114,15          
and prices            2.   5000 on 30 December 2003   R49,00   R114,15          
Vesting period                :    Over 5 years                                 
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
22 November 2006                                                                
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Date: 23/11/2006 07:28:09 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department