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SAP - Sappi - Dr Danie Cronje appointed independent, non-executive chairman of Sappi Limited Sappi Limited Registration Number 1936/008963/06 (Incorporated in the Republic of South Africa) Issuer Code: SAVVI JSE Code: SAP ISIN: ZAE000006284 Sappi Limited Announcement 20 February 2008 Dr Danie Cronje appointed independent, non-executive chairman of Sappi Limited Sappi Limited, the global pulp and paper group, today announced that Dr Daniel (Danie) Christiaan Cronje has been appointed independent non-executive chairman of Sappi Limited. He succeeds Eugene van As whose impending retirement as chairman and from the board at the annual general meeting on 03 March 2008, was announced earlier. Dr Cronje (61) was chairman of ABSA Group Ltd for 10 years until his retirement in June 2007. ABSA is a leading South African banking organisation in which Barclays plc obtained a majority share in 2005. He had been with the ABSA group since 1975 and held various executive positions including Group Chief Executive for 4 years prior to his tenure as chairman. Commenting on his appointment, Dr Cronje said: "I am honoured to have been asked to chair one of South Africa`s leading global companies. Sappi will remain committed to growing on a global basis and to delivering shareholder value." Speaking on behalf of the board, independent non-executive director, Dave Brink, paid tribute to outgoing chairman Eugene van As: "Sappi`s success in growing from a local pulp and paper producer to becoming the world leader in coated fine paper and chemical cellulose is testimony to the drive, determination and vision of a great leader. Eugene van As is an exceptional son of Africa who has played a crucial role in establishing Sappi as a business on the global stage." Dr Cronje is also a director of Barclays plc, Barclays Bank plc and TSB Sugar Holdings Limited. He holds a DCom from Potchefstroom University (now the University of the North West). END NOTE TO EDITORS: Additional information on Dr Daniel (Danie) Christiaan Cronje: Dr Cronje obtained his BCom, BCom (Hons) and MCom degrees also at Potchefstroom University. He obtained his DCom in 1975. Career: 1969 Sanlam investment department 1969-1971 Trust Merchant Bank, investment department 1972-1975 Lecturer in Money and Banking at Potchefstroom University 1975-2007 Various positions at first Volkskas Merchant Bank, the Volkskas Group, and the ABSA Group, including: 1988-1991 Group Chief Executive of the Volkskas Group 1991-1993 Deputy Group Chief Executive of the ABSA Group 1993-1997 Group Chief Executive of the ABSA Group 1997-2007 Chairman of the ABSA Group For further information: Andre F Oberholzer Group Head Corporate Affairs Sappi Limited (Reg No 1936/008963/06) Tel +27 (0)11 407 8044 Fax +27 (0)11 403 8236 Mobile +27 (0)83 235 2973 Andre.Oberholzer@sappi.com Date: 20/02/2008 10:47:01 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.
