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 the Company and by directors of a major subsidiary.  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          :    F H Coleman                                       
Company                  :    Sappi Forest Products                             
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    :    10 200                                            
                    Offer Date                   Offer     Selling              
                                                 Price     Price                
Date rights    1.   3 000 on 19 July 2001        R74,90    R112,00              
granted                                                                         
and prices     2.   4 000 on 30 December 2003    R79,25    R112.00              
               3.   1 200 on 13 December 2004    R78,00    R112,00              
4.   2 000 on 13 December 2004    R78,00    R112,40              

Vesting period           :    Over 5 years                                      
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
Clearance obtained       :    Yes                                               
17 November 2006                                                                
Date: 17/11/2006 03:25:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department