SAP - Sappi Limited - Dealing In Securities By Directors Of Listed Companies

SAP - Sappi Limited - Dealing In Securities By Directors Of Listed Companies    
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 Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by directors of the Company and by directors of the         
Company`s major subsidiary companies. The dealing which is in terms of the      
Sappi Limited Share Incentive Scheme, and for which clearance was received in   
terms of Listings Requirement 3.74, is as follows:                              
Director`s Name:         Kaj Burchardi                                          
Company (Subsidiary):    Sappi International SA                                 
Date of transaction:     20 November 2007                                       
Nature of transaction:   Payment for shares arising from exercise of rights     
                        to shares in terms of the Sappi Limited Share           
                        Incentive Scheme                                        
Number of rights exercised/shares sold:                                         
1.   1 990                                                                      
2.   3 170                                                                      
3.   9 840                                                                      
4.   1 802                                                                      
5.   142                                                                        
6.   5 556                                                                      
Dates rights granted:                                                           
1.   22 December 1999:        R53,85                                            
2.   22 December 1999:        R53,85                                            
3.   22 December 1999:        R53,85                                            
4.   15 January 2001:         R49,00                                            
5.   15 January 2001:         R49,00                                            
6.   15 January 2001:         R49,00                                            
Vesting period:     Over 5 years                                                
Selling price:                                                                  
1.   22 December 1999:        R94,72                                            
2.   22 December 1999:        R94,73                                            
3.   22 December 1999:        R94,90                                            
4.   15 January 2001:         R94,90                                            
5.   15 January 2001:         R94,99                                            
6.   15 January 2001:         R95,00                                            
Class of security:       Ordinary shares                                        
Extent of interest:      Direct beneficial                                      
23 November 2007                                                                
Sponsor: UBS South Africa                                                       
Date: 23/11/2007 12:18:16 Supplied by www.sharenet.co.za                     
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