SAP - Sappi Limited - Granting of options to directors of listed company

SAP - Sappi Limited - Granting of options to directors of listed company        
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Issuer Code: SAVVI                                                              
JSE Code: SAP                                                                   
ISIN code: ZAE000006284                                                         
("Sappi" or "the company")                                                      
GRANTING OF OPTIONS TO DIRECTORS OF LISTED COMPANY                              
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding the granting of options by   
Sappi to the undermentioned directors of the Company and its major subsidiary   
companies:                                                                      
Date of notification of transaction:    14 December 2009                        
Nature of transaction:                  Grants of Options in terms of the       
Sappi Limited Share Incentive Scheme     

Strike price:                           R33,85 per share option                 
                                       (Being closing share price on JSE on     
                                       07 December 2009)                        
Vesting dates for                                                               
exercise of share options:              Over 4 years at a rate of 25% per annum 
                                       commencing 09 December 2010              
Class of security:                      Ordinary shares                         
Extent of interest:                     Direct beneficial                       
The necessary authority in terms of 3.66 was obtained.                          
DIRECTOR`S NAME    COMPANY              NUMBER OF     VALUE                     
                                       OPTIONS                                  


L    DI AMATO      Sappi International  7000          R236                      
                  SA                                 950                        
LJ   NEWMAN        Sappi International  8000          R270                      
SA                                 800                        

DJ   O`CONNOR      Sappi Limited (Co    11000         R372                      
                  Secretary)                         350                        
J    PASSLER       Sappi International  8000          R270                      
SA                                 800                        

R    PEELMAN       Sappi International  7000          R236                      
                  SA                                 950                        
ldocalldirectorsoptionsDEC2009                                                  
Date: 15/12/2009 11:39:01 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.