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SAPPI INTERNATIONAL SHAREHOLDING INCREASES TO 60%

Release Date: 19/04/2001 17:30
Code(s): SAP
Wrap Text
SAPPI LIMITED
Johannesburg, 19 April 2001
Sappi international shareholding increases to 60%

Sappi Limited said today that foreign shareholding in Sappi has now surpassed the 60% mark following strong buying from American and other international institutions in recent weeks.
An estimated 37% of the shares are now held by US shareholders and 23% by European and other foreign shareholders.
"We are very pleased with this development as it indicates strong confidence in our group from investors. There has been a lot of international buying over the last few months and our shares are now widely held, with no institution holding more than 8%," said Sappi Chairman Eugene van As. ENDS Issued by : Brunswick SA on behalf of Sappi Limited Tel +27(0)11 442 8803 For further information: Johan van Wyk Sappi Johannesburg Corporate Affairs Manager Tel +27(0)11 407 8044 Cell +27(0)83 675 3942 johanvw@za.sappi.com