Sappi Limited - Director"s dealing in securities

Sappi Limited - Director"s dealing in securities                                
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP     ISIN: ZAE000006284)                                         
("Sappi" or the "Company")                                                      
Director"s dealing in securities                                                
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by a director of the Company:                               
Director"s Name                         :    John Leonard Job                   
Company                                 :    Sappi Limited                      
Date of transaction                     :    9 March 2004                       
Nature of transaction                   :    Sale of shares                     
Number of shares sold                   :    1 941                              
Selling price                           :    R92,50                             
Class of security                       :    Ordinary shares                    
Extent of interest                      :    Direct beneficial                  
Clearance to deal in terms of Listings                                          
Requirement 3.66                        :    Yes                                
Johannesburg                                                                    
10 March 2004                                                                   
Date: 10/03/2004 02:23:40 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department