Sappi Limited - Dealing in securities by directors

Sappi Limited - Dealing in securities by directors                              
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 Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding dealing in securities of     
Sappi by a director of the Company and by directors of a major subsidiary.  The 
dealing which is in terms of the Sappi Limited Share Incentive Scheme, and for  
which clearance was received in terms of Listings Requirement 3.66, is as       
follows:                                                                        
Director"s Name                    :    R Thummer                               
Company                            :    Sappi Fine Paper Europe and             
Sappi Fine Paper North America          

Date of transaction                :    27 November 2006                        
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                                                                
exercised/shares sold              :    24 000                                  
                        Offer Date                  Offer      Selling          
Price      Price            

Date rights         1.  400 on 11 December 1998     R22,10     R112,10          
granted                                                                         
and prices          2.  300 on 11 December 1998     R22,10     R112,08          
3.  1137 on 11 December 1998    R22,10     R112,00          

                    4.  163 on 11 December 1998     R22,10     R112,10          
                    5.  1000 on 11 December 1998    R22,10     R112,09          
                    6.  1000 on 11 December 1998    R22,10     R110,07          
7.  160 on 22 December 1999     R53,85     R110,70          

                    8.  9028 on 22 December 1999    R53,85     R110,16          
                    9.  2812 on 22 December 1999    R53,85     R110,50          
                    10  452 on 15 January 2001      R49,00     R110,50          
11  1283 on 15 January 2001     R49,00     R112,10          

                    12  6265 on 15 January 2001     R49,00     R110,60          
Vesting period           :    Over 5 years                                      
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
30 November 2006                                                                
Sponsor:  UBS Warburg                                                           
Date: 30/11/2006 11:02:52 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department