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                          
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 one 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 3.66, is as       
follows :                                                                       
Director"s Name:              Jennifer Miller (USA Resident)                    
Company (Subsidiary):         Sappi Fine Paper North America                    
Date of transaction :         13 September 2005                                 
Nature of transaction:        Sale of shares arising from exercise of rights to 
                              shares in terms of the Sappi Limited Share        
                              Incentive Scheme                                  
Number of rights                                                                
exercised/shares sold:        100 000                                           
Dates rights granted                                                            
and prices:                   1.  4 716 on 19 January 1998  : R19,90            
2.    284 on 19 January 1998  : R19,90            

                              3. 35 000 on 11 December 1998 : R22,10            
                              4. 40 000 on 22 December 1999 : R53,85            
                              5. 10 000 on 15 January 2001  : R49,00            
6. 10 000 on 15 January 2001  : R49,00            

Vesting period :              Over 5 years                                      
Selling prices :              1 R72,80                                          
                              2.   R72,90                                       
3.   R72,80                                                                     
4.   R72,80                                                                     
5.   R72,75                                                                     
6.   R73,00                                                                     
Class of security:            Ordinary shares                                   
Extent of interest:           Direct beneficial                                 
15 September 2005                                                               
Date: 15/09/2005 02:50:43 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department