SAPPI LIMITED - Granting of conditional share awards to directors of listed company

Granting of conditional share awards to directors of listed company

Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)

(“Sappi” or the “Company”)


1) GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
   COMPANY

   In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby
   provide the following information regarding the granting of Conditional Share Awards by
   Sappi to a director of one of the Company’s major subsidiary companies. The necessary
   authority in terms of paragraph 3.66 was obtained and this was an off-market transaction :

    Director’s name               : A van C Thiel

    Company (Subsidiary)          : Sappi Southern Africa Limited

    Nature of transaction         : Grant of Conditional Share Awards in terms of the Sappi
                                    Limited Performance Share Incentive Plan

    Date of grant                 : 10 February 2014

    Number of Conditional         : 200 000
    Share Awards granted

    Total notional value          : R6 700 000.00

    Strike price                  : Nil (no consideration)

    Vesting date for              : 10 February 2018
    Conditional Share Awards

    Class of security             : Ordinary shares

    Extent of interest            : Direct beneficial
2) 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 directors of the
  Company and its major subsidiaries. The dealings were on-market transactions and
  clearances for the dealings were received in terms of Listings Requirement 3.66, as
  follows :

   Director’s name                : Lucia Swartz

   Company (Subsidiary)           : Sappi Southern Africa

   Date of transaction            : 11 February 2014

   Nature of transaction          : Sale of shares

   Number of shares sold          : 8 500

   Selling price per share        : R33.51

   Total value                    : R284 835.00

   Class of security              : Ordinary shares

   Extent of interest             : Direct beneficial


   Director’s name                : Leo di Amato

   Company (Subsidiary)           : Sappi International SA

   Date of transaction            : 11 February 2014

   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               : 4 000
   exercised/shares sold

   Dates rights granted and       : 2 December 2011 : R22.90
   price

   Vesting period                 : Over 4 years expiring after 8 years

   Selling price per share        : R33.55

   Total value                    : R134 200.00

  Denis O’Connor
  Group Secretary
  Sappi Limited
  Tel +27 (0)11 407 8072; Fax +27 (0)11 339 1881
  Denis.OConnor@Sappi.com

  12 February 2014
  Sponsor : UBS South Africa (Pty) Ltd

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