SAPPI LIMITED - Dealing in securities by directors and company secretaries

Dealing in securities by directors and company secretaries

Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284

(“Sappi” or “the Company”)



DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARIES


GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
COMPANY AND COMPANY SECRETARY

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
(“Requirements”), 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 and company secretary. The necessary authority in terms of
paragraph 3.66 of the Requirements was obtained and these were off-market transactions:

Date of notification of transaction to :     19 November 2018
participant
Nature of transaction                    :   Annual grants of conditional share awards in
                                             terms of the Sappi Limited Performance
                                             Share Incentive Plan

Strike price                             :   Nil (no consideration)
Vesting dates for conditional share :        19 November 2022
awards
Class of security                        :   Ordinary shares
Extent of interest                       :   Direct beneficial
                                                                                  Page 2 of 2



A
                                                                         NUMBER OF      NOTIONAL
                                                                           SHARES
             NAME                           COMPANY                      SUBJECT TO      VALUE *
                                                                        CONDITIONAL
                                                                          AWARDS            (R)
    SR    BINNIE           Sappi Limited                                   142 000     11 445 200.00
    M     GARDNER          Sappi North America / Sappi Papier Holding       79 000      6 367 400.00
    B     KOEHLDORFER Sappi Papier Holding                                   7 500        604 500.00
    A     MAHENDRANATH Sappi Limited (Company Secretary)                     9 200        741 520.00
    S     MANCHESTER       Sappi North America, Inc (Company Secretary)     23 000      1 853 800.00
    F     MARUPEN          Sappi North America. Inc                         53 000      4 271 800.00
    P     MOODLEY          Sappi Southern Africa                            23 000      1 853 800.00
    J     PÄSSLER          Sappi Papier Holding                             24 000      1 934 400.00
    GT    PEARCE           Sappi Limited                                    65 000      5 239 000.00
    AvC   THIEL            Sappi Southern Africa                            79 000      6 367 400.00
    M     VAN HOVEN        Sappi North America, Inc                         61 000      4 916 600.00
    BJ    WIERSUM          Sappi Papier Holding                             79 000      6 367 400.00
          Based on an implied price of R 80.60 per share (closing price on 16 November
     *    2018)


 Johannesburg
 23 November 2018


Sponsor: UBS South Africa (Pty) Ltd

Date: 23/11/2018 09:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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