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                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP     ISIN: ZAE000006284)                                         
("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 transaction:                  12 December 2007                          
Nature of transaction:                Grants of Conditional Share Awards in     
terms of the   Sappi Limited               

                                     Performance Share Incentive Plan           
Strike price:                         Nil                                       
Vesting dates for Conditional share   12 December 2011                          
awards:                                                                         
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 SHARES SUBJECT      
                                                 TO CONDITIONAL AWARDS          
LA  SWARTZ           Sappi Limited senior         19,000                        
                    management                                                  
Date: 18/12/2007 12:05:01 Supplied by www.sharenet.co.za                     
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