SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS

SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS                              
SAPPI LIMITED                                                                   
(Reg.no. 1936/008963/06)                                                        
ISIN code   :                                                                   
Share code  :                                                                   
In terms of paragraph 3.72 of the Listings Requirements of the JSE              
Securities Exchange, the following should be noted:                             
Name of Director       :  Monte Roy Haymon                                      
Date of transaction    :  26 June 2002                                          
Nature of transaction  :  Sale                                                  
Number of shares sold  :  18 714 in total                                       
Selling price          :  13 714 shares at R146,50 per                          
                          share                                                 
                          5 000 shares at R147,00 per                           
                          share                                                 
Class of Security      :  Ordinary shares                                       
Extent of interest     :  Direct beneficial                                     
ENDS                                                                            
Date: 01/07/2002 09:49:33 AM Produced by the SENS Department