SAP - Sappi Limited - Granting of conditional share awards to directors of

SAP - Sappi Limited - Granting of conditional share awards to directors of      
listed company                                                                  
Sappi Limited                                                                   
Reg No 1936/008963/06                                                           
(Incorporated in the Republic of South Africa)                                  
JSE Code SAP                                                                    
ISIN code ZAE 000006284                                                         
NYSE code SPP                                                                   
("Sappi" or "the Company")                                                      
GRANTING OF CONDITIONAL SHARE AWARDS 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 conditional  
share awards by Sappi to the undermentioned directors of the Company and its    
major subsidiary companies:                                                     
Date of notification                                                            
of transaction                :    3 December 2010                              
Nature of transaction         :    Grants of Conditional Share Awards in        
                                  terms of the Sappi Limited Performance Share  
                                  Incentive Plan                                
Strike price                  :    Nil (no consideration)                       
Vesting dates for                                                               
Conditional share awards      :    3 December 2014                              
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
The necessary authority in terms of Paragraph 3.66 was obtained and these were  
off-market transactions.                                                        
DIRECTOR`S NAME      COMPANY                         NUMBER OF                  
SHARES                      

                                                    SUBJECT TO                  
                                                    CONDITIONAL                 
                                                    AWARDS                      


RJ  BOETTGER         Sappi Limited                   195 000                    
HA  DE JONGH         Sappi Southern Africa           30 000                     
M   GARDNER          Sappi Fine Paper North America  88 000                     
TS  HAWKES           Sappi Southern Africa           27 500                     
RD  HOPE             Sappi Fine Paper North America  55 000                     
E   LETLAPE          Sappi Southern Africa           12 500                     
NN  MAELANE          Sappi Southern Africa           30 000                     
S   MANCHESTER       Sappi Fine Paper North America  27 500                     
J   MILLER           Sappi Fine Paper North America  27 500                     
DM  MNCUBE           Sappi Southern Africa           30 000                     
CM  MOWATT           Sappi Southern Africa           30 000                     
A   ROSSI            Sappi Southern Africa           55 000                     
G   PEARCE           Sappi Fine Paper Europe         24 150                     
A   THIEL            Sappi Southern Africa           65 000                     
MR  THOMPSON         Sappi Limited                   88 000                     
GM  VAN AARDE        Sappi Southern Africa           28 000                     
AJ  VAN DER MERWE    Sappi Southern Africa           28 000                     
W                                                                               
B   WIERSUM          Sappi Fine Paper Europe         88 000                     
6 December 2010                                                                 
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 06/12/2010 14:01:01 Supplied by www.sharenet.co.za                     
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