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 Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by directors of the Company and by directors of the         
Company"s major subsidiary companies.   The dealing which is in terms of the    
Sappi Limited Share Incentive Scheme, and for which clearance was received in   
terms of Listings Requirement 3.74, is as follows:                              
Director"s Name               :    Jennifer Miller                              
Company (Subsidiary)          :    Sappi Fine Paper North America               
Date of transaction           :    18 March 2005                                
Nature of transaction         :    Sale of shares                               
Number of shares sold         :    8 790                                        
Selling price                 :    1)   8 200 at $12,85                         
:    2)   590 at $12,87                           

Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
Johannesburg                                                                    
17 March 2005                                                                   
Date: 23/03/2005 11:31:09 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department