SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTOR

SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTOR                               
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
Share code  :  SAVVI                                                            
ISIN        :  ZAE000006284                                                     
DEALING IN SECURITIES BY DIRECTOR                                               
In compliance with Section 3.72 to 3.75 of the JSE Securities Exchange SA       
Listings Requirements, the following should be noted:                           
Name of Director        :  Monte Roy Haymon                                     
Date of transaction     :  1. 22 May 2003                                       
                           2. 23 May 2003                                       
Nature of transactions  :  Sales                                                
Number of shares sold   :  1. 4 000                                             
                           2. 3 000                                             
Selling prices          :  1. R93,00 per share                                  
2. R95,50 per share                                  

Class of security       :  Ordinary shares                                      
Extent of interest      :  Direct beneficial                                    
Date: 26/05/2003 03:29:58 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department