Sharenet Sites 
Sharenet Sites
Dealing in Securities by Directors and Company Secretary
Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284
(“Sappi” or “the Company”)
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY
1. VESTING OF CONDITIONAL SHARE AWARDS GRANTED 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 vesting of conditional share awards granted by Sappi
to the undermentioned directors of the Company and its major subsidiary companies. The
necessary authority in terms of paragraph 3.66 was obtained and these were off-market
transactions:
Nature of transaction : Vesting of grants of conditional share awards in terms of
the Sappi Limited Performance Share Incentive Plan.
Date of transaction : 3 December 2014 (date participants informed of vesting)
Number of conditional : Various, see table below
Share awards granted
Date of Grants : 3 December 2010
Implied price : R40.93 per share (closing price on 2 December 2014)
Vesting period : 4 years from date of grant
Percentage of grants : 50%, see table below
vested
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 1 of 8
Director’s name : H Boner (Company Secretary)
Company of which he is a : Sappi Europe
secretary
Value
Number of grants awarded Number of grants vested
R
24 150 12 075 494 230
Director’s name : G R Bowles
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
20 000 10 000 409 300
Director’s name : M Gardner
Company of which he is a : Sappi North America
director
Value
Number of grants awarded Number of grants vested
R
88 000 44 000 1 800 920
Director’s name : T Hawkes
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
27 500 13 750 562 788
Page 2 of 8
Director’s name : N N Maelane
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
30 000 15 000 613 950
Director’s name : S Manchester (Company Secretary)
Company of which she is a : Sappi North America
director
Value
Number of grants awarded Number of grants vested
R
27 500 13 750 562 788
Director’s name : P B McGrady
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
25 000 12 500 511 625
Director’s name : J M Miller
Company of which she is a : Sappi North America
director
Value
Number of grants awarded Number of grants vested
R
27 500 13 750 562 788
Page 3 of 8
Director’s name : C M Mowatt
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
30 000 15 000 613 950
Director’s name : G T Pearce
Company of which he is a : Sappi Limited, Sappi North America,
director Sappi Southern Africa
Value
Number of grants awarded Number of grants vested
R
24 150 12 075 494 230
Director’s name : M Quaedvlieg
Company of which he is a : Sappi Europe
director
Value
Number of grants awarded Number of grants vested
R
30 000 15 000 613 950
Director’s name : A Rossi
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
55 000 27 500 1 125 575
Page 4 of 8
Director’s name : L Swartz
Company of which she is a : Sappi North America, Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
50 000 25 000 1 023 250
Director’s name : A Thiel
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
65 000 32 500 1 330 225
Director’s name : G M van Aarde
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
28 000 14 000 573 020
Director’s name : B Wiersum
Company of which he is a : Sappi Europe
director
Value
Number of grants awarded Number of grants vested
R
88 000 44 000 1 800 920
Page 5 of 8
2. 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. The necessary authority in terms of paragraph 3.66 was obtained and these
were off-market transactions:
Date of notification of transaction : 4 December 2014
(to participant)
Nature of transaction terms : Annual Grants of Conditional Share Awards in
the Sappi Limited Performance Share
Incentive Plan
Strike price : Nil (no consideration)
Vesting dates for Conditional share : 4 December 2018
awards
Class of security : Ordinary shares
Extent of interest : Direct beneficial
NUMBER OF NOTIONAL
SHARES
DIRECTOR’S NAME COMPANY SUBJECT TO VALUE *
CONDITIONAL
AWARDS (R)
SR BINNIE Sappi Limited 175 000 7 000 000
SJ BLYTH Sappi Europe 29 000 1 160 000
J BONER Sappi Europe (Company Secretary) 29 000 1 160 000
GR BOWLES Sappi Southern Africa 85 000 3 400 000
L DI AMATO Sappi International SA 7 000 280 000
M GARDNER Sappi North America 100 000 4 000 000
TS HAWKES Sappi Southern Africa 20 000 800 000
NN MAELANE Sappi Southern Africa 29 000 1 160 000
S MANCHESTER Sappi North America (Company Secretary) 29 000 1 160 000
PB McGRADY Sappi Southern Africa 33 000 1 320 000
JL MILLER Sappi North America 29 000 1 160 000
CM MOWATT Sappi Southern Africa 31 000 1 240 000
J PÄSSLER Sappi International SA 27 000 1 080 000
GT PEARCE Sappi Limited 85 000 3 400 000
R PEELMAN Sappi International SA 8 500 340 000
M QUAEDVLIEG Sappi Europe 29 000 1 160 000
B ROSS Sappi Papier Holding 13 500 540 000
TK STANGER Sappi Southern Africa 29 000 1 160 000
AvC THIEL Sappi Southern Africa 100 000 4 000 000
GM VAN AARDE Sappi Southern Africa 29 000 1 160 000
M VAN HOVEN Sappi Southern Africa / Sappi North America 80 000 3 200 000
BJ WIERSUM Sappi Europe 100 000 4 000 000
* Based on an implied price of R40.00 per share (closing price on 3 December 2014)
Page 6 of 8
3. 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 directors of the Company
and its major subsidiaries. The dealings were on-market transactions and clearances for the
dealings were received in terms of Listings Requirement 3.66, as follows:
Director’s name : M Gardner
Company : Sappi North America
Date of transaction : 5 December 2014
Nature of transaction : Sale of shares arising from vesting of conditional shares
awards as per Item 1 above.
Number of shares sold : 44 000
Selling price per share : R39.98
Total value : R1 759 120.00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : N N Maelane
Company : Sappi Southern Africa
Date of transaction : 5 December 2014
Nature of transaction : Sale of shares arising from vesting of conditional shares
awards as per Item 1 above.
Number of shares sold : 15 000
Selling price per share : Average R39.1409; low R39.14; high R39.40
Total value : R587 113.50
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 7 of 8
Director’s name : S Manchester (Company Secretary)
Company : Sappi North America
Date of transaction : 5 December 2014
Nature of transaction : Sale of shares arising from vesting of conditional shares
awards as per Item 1 above.
Number of shares sold : 13 750
Selling price per share : R39.71
Total value : R546 012.50
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Denis O’Connor
Group Secretary
Sappi Limited
Tel +27 (0)11 407 8072
Fax +27 (0)11 339 1881
denis.oconnor@sappi.com
8 December 2014
Sponsor: UBS South Africa (Pty) Ltd
Page 8 of 8
Date: 08/12/2014 01:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
