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SAP - Sappi - Cancellation Of Listing Of Ordinary Shares On The Official List And Closure Of The Offshore Register Sappi Limited (Registration number: 1936/008963/06) (Incorporated in the Republic of South Africa) Share code: SAP ISIN : ZAE000006284 ("Sappi" or the "Company") CANCELLATION OF LISTING OF ORDINARY SHARES ON THE OFFICIAL LIST AND CLOSURE OF THE OFFSHORE REGISTER Sappi Limited ("the Company") has requested the UK Financial Services Authority to cancel the listing of the Company`s ordinary shares of ZAR1.00 each ("Ordinary Shares") on the UK Official List and to cancel the admission of the Ordinary Shares to trading on the London Stock Exchange`s market for listed securities. It is expected that the cancellation of the UK listing and of the admission of the Ordinary Shares to trading on the London Stock Exchange ("LSE") will take effect at 8.00 am (UK time) on Monday, 02 November 2009. The Ordinary Shares have been listed on the UK Official List since 1992. Currently, shareholders holding approximately 0.036% of the total issued capital of the Company appear on the Company`s UK register of members. However, since listing on the LSE, only a small amount of trading in the Ordinary Shares has been conducted on the LSE and taking into account the high costs associated with being admitted to the UK Official List, the board of directors of the Company consider that there is no longer any significant benefit to the Company in maintaining this listing. Following cancellation of the listing and the admission to trading in London, the offshore register maintained by Capita Registrars (Jersey) Limited will be closed on Monday, 23 November 2009. All shareholders on the UK register at that time will be transferred to the South African register of members maintained by Computershare Investor Services (Pty) Limited ("Computershare"). Subject to putting the appropriate arrangements in place, shareholders will be able to trade their shares on the JSE Limited ("JSE"). It should be noted that in order to trade their shares on the JSE, shareholders will be required to dematerialise their shareholding. For further information in this regard shareholders should contact Computershare at the address or telephone number below or by e-Mail at sappi-offshore-register@computershare.co.za or Mr D O`Connor, Group Secretary of the Company at the address or telephone number below or by e-Mail at Denis.Oconnor@sappi.com. The Company is aware, however, that until the close of business on Friday, 23 October 2009 Redmayne-Bentley Stockbrokers is willing to provide a sale dealing service to certificated shareholders on the offshore register with UK registered addresses, subject to the availability of a market related price, on normal commercial terms. Any such shareholder who is interested in utilising this service should contact Mr M Burke or Mr C Day of Redmayne-Bentley Stockbrokers either by telephone no 0113 243 6941 or by e-Mail at sappidealing@redmayne.co.uk Registered Office 48 Ameshoff Street Braamfontein Johannesburg 2001 South Africa (P O Box 31560, Braamfontein 2107, South Africa) Tel +27 11 407 8072 United Kingdom Registrars Capita Registrars The Registry 34 Beckenham Road Beckenham Kent BR3 4TU South African Transfer Secretaries Computershare Investor Services (Pty) Limited (Registration number 2004/003647/07) 70 Marshall Street Johannesburg 2001 South Africa (P O Box 61051, Marshalltown 2107, South Africa) Tel +27 11 370 5000 02 October 2009 Date: 02/10/2009 11:55:01 Supplied by www.sharenet.co.za 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.
