Sappi Limited - Dealing in securities by directors of listed companies

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                          
Following the resignation of Mr J C A Leslie as chief executive officer of Sappi
Limited in March 2006, the Sappi board requested the chairman, Mr Eugene van As,
to assume executive responsibility for the group until a new chief executive    
officer was appointed, and to oversee an orderly hand-over of responsibilities  
to the new chief executive officer.                                             
The process to find a new chief executive officer continues.  However, Mr van As
has until now received compensation only for his services as chairman and not   
any remuneration for his additional responsibilities.                           
Mr van As has informed the board that certain trusts and funds, of which he is  
one of the beneficiaries and which hold Sappi shares, need to re-arrange their  
portfolios, and intend to dispose of approximately 350 000 Sappi shares in the  
near future.  A specific SENS announcement will be prepared for release as and  
when any such disposals are made.                                               
With regards to Mr van As" remuneration for his additional executive            
responsibilities, he has agreed with the board to be remunerated in Sappi       
shares, not in cash.  The board has decided to compensate him for these services
until the appointment of, and orderly hand-over to, a new chief executive       
officer by procuring the delivery to Mr van As of                               
100 000 Sappi shares to be purchased in the open market in two tranches of 50   
000 each on 29 September 2006 and 30 March 2007 respectively, subject to the    
restriction regarding Mr van As" trading of such shares as set out below.       
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 Sappi.  The dealing for which clearance was received in  
terms of Listings Requirements 3.74 is as follows:                              
Director"s Name               :    Eugene van As                                
Company (subsidiary)          :    Sappi Limited                                
Date of transaction           :    29 September 2006 and 30 March 2007          
Nature of transaction         :    Delivery of Sappi shares to Mr van As as     
                                   compensation for his executive services on   
                                   condition that Mr van As shall not be        
                                   entitled to trade such shares until a new    
chief executive officer has been appointed   

Number of shares to be acquired:   50 000 shares on 29 September 2006 and a     
                                   further 50 000 shares on 30 March 2007       
Purchase Price :                   Price at opening of trading on JSE on        
29 September 2006 and 30 March 2007          

                                   respectively                                 
Class of security   :              Ordinary shares                              
Extent of interest  :              Direct beneficial                            
Clearance to deal in terms of Listings Requirements 3.66:   Yes                 
Johannesburg                                                                    
8 September 2006                                                                
Date: 08/09/2006 03:18:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department