Sappi - Dealing In Securities By Directors Of Listed Companies

Sappi - 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               :    R D Hope                                     
Company                       :    Sappi Fine Paper Europe and                  
Sappi Fine Paper North America               

Date of transaction           :    27 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         :    31 000                                       
                          Offer Date                  Offer Price  Selling      
Price        

Date rights granted   1.  4000 on 24 February 1997    R34,90       R115,11      
and prices            2.  2000 on 24 February 1997    R34,90       R115,05      
                      3.  9904 on 19 January 1998     R19,90       R116,51      
4.  96 on 19 January 1998       R19,90       R116,60      

                      5.  500 on 11 December 1998     R22,10       R116,05      
                      6.  3624 on 11 December 1998    R22,10       R116,00      
                      7.  200 on 11 December 1998     R22,10       R115,12      
8.  2717 on 11 December 1998    R22,10       R115,10      

                      9.  7959 on 11 December 1998    R22,10       R115,00      
Vesting period                :    Over 5 years                                 
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
29 November 2006                                                                
Sponsor:  UBS Warburg                                                           
Date: 29/11/2006 11:22:31 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department