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SAP - Sappi Limited - Granting of options 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") GRANTING OF OPTIONS 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 options by Sappi to the undermentioned directors of the Company and its major subsidiary companies: Date of transaction : 22 December 2008 Nature of transaction : Grants of Options in terms of the Sappi Limited Share Incentive Scheme Strike price : R35,50 per share option Vesting dates for exercise of share options : Over 4 years at a rate of 25% per annum commencing 22 December 2009 Class of security : Ordinary shares Extent of interest : Direct beneficial The necessary authority in terms of 3.66 was obtained. DIRECTOR`S NAME COMPANY NUMBER OF VALUE OPTIONS R
LJ NEWMAN Sappi International SA 7700 R273 350 DJ O`CONNOR Sappi Limited (Co 8250 R292 875 Secretary) J PASSLER Sappi International SA 7700 R273 350 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 the undermentioned directors of the Company and its major subsidiary companies: Date of transaction : 22 December 2008 Nature of transaction: Grants of Conditional Share Awards in terms of the Sappi Limited Performance Share
Incentive Plan Strike price : Nil Vesting dates for Conditional share awards : 22 December 2012 Class of security : Ordinary shares Extent of interest : Direct beneficial The necessary authority in terms of 3.66 was obtained. DIRECTOR`S NAME COMPANY NUMBER OF SHARES SUBJECT TO CONDITIONAL AWARDS
RJ BOETTGER Sappi Limited 154,000 H BONER Sappi Fine Paper Europe 26,400 (Secretary)
H DE JONGH Sappi Southern Africa 37,400 BM DICK Sappi Southern Africa 35,200 M GARDNER Sappi Fine Paper North 88,000 America
RD HOPE Sappi Fine Paper North 77,000 America JH LABUSCHAGNE Sappi Southern Africa 88,000 N MAELANE Sappi Southern Africa 13,200 S MANCHESTER Sappi Fine Paper North 33,000 America (Secretary) J MILLER Sappi Fine Paper North 35,200 America
DM MNCUBE Sappi Southern Africa 44,000 CM MOWATT Sappi Southern Africa 37,400 G PEARCE Sappi Fine Paper Europe 38,500 W RAU Sappi Papier Holding GmbH 44,000 A ROSSI Sappi Southern Africa 55,000 MR THOMPSON Sappi Limited 88,000 AD TUBB Sappi Southern Africa 37,400 G VAN AARDE Sappi Southern Africa 30,800 AJW VAN DER MERWE Sappi Southern Africa 28,600 B WIERSUM Sappi Fine Paper Europe 88,000 Date: 24/12/2008 12:46:17 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
