Sappi - Dealing in securities by directors of listed companies

Sappi - 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          :    Jorg Passler                                      
Company (Subsidiary)     :    Sappi International SA                            
Date of transaction      :    15 November 2006                                  
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    :    3 200                                             
Dates rights granted                                                            
and prices               :    1. 2 000 on 30 December 2003 : R79,25             
2. 1 200 on 13 December 2004 : R78,00             

Vesting period           :    Over 5 years                                      
Selling price            :    R110,00                                           
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
Clearance obtained       :    Yes                                               
17 November 2006                                                                
Date: 17/11/2006 03:24:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department