Sappi Limited - Granting Of Conditional Contracts To Directors Of Listed Company

Sappi Limited - Granting Of Conditional Contracts To Directors Of Listed Company
                To Acquire Shares                                               
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 CONTRACTS TO DIRECTORS OF LISTED COMPANY TO ACQUIRE     
SHARES                                                                          
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities   
Exchange, we hereby provide the following information regarding the granting of 
contracts to acquire shares in Sappi by Sappi to the undermentioned directors of
the Company and its major subsidiary companies:                                 
Date of transaction           :    7 March 2005                                 
Nature of transaction         :    Grants of Conditional contracts to acquire   
shares in                          terms of the Sappi Limited Performance Share 
                                   Incentive Plan                               
Strike price                  :    Not applicable                               
Vesting dates for shares      :    On 12 December 2008 provided that and to the 
extent that performance criteria are met                                        
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
The necessary authority in terms of 3.66 of the JSE Listings Requirements was   
obtained.                                                                       
DIRECTOR"S NAME      COMPANY                           NUMBER OF                
                                                       SHARES                   
K   BURCHARDI        Sappi International               5,000                    
BM  DICK             Sappi Forest Products             3,000                    
H   GEBREITER        Sappi Fine Paper Europe           6,000                    
RD  HOPE             Sappi Fine Paper North America    6,000                    
JH  LABUSCHAGNE      Sappi Forest Products             3,000                    
JC  LESLIE           Sappi Limited                     40,000                   
A                                                                               
VA  LUBBE            Sappi Fine Paper Europe, Sappi    6,000                    
R                    Fine Paper North America, Sappi                            
Forest Products                                            

SG  MANCHESTER       Sappi Fine Paper North America    3,000                    
                     (Co Secretary)                                             
J   MILLER           Sappi Fine Paper North America    4,000                    
DM  MNCUBE           Sappi Forest Products             6,000                    
H   MOLLENHAUER      Sappi Fine Paper North America    3,000                    
W   PFARL            Sappi Fine Paper Europe           12,000                   
A   ROSSI            Sappi Forest Products             6,000                    
M   SPALLART         Sappi Forest Products             6,000                    
MR  THOMPSON         Sappi Papier Holding              6,000                    
R   THUMMER          Sappi Fine Paper Europe           6,000                    
AD  TUBB             Sappi Forest Products             6,000                    
M   TURNER           Sappi Fine Paper Europe, Sappi    5,000                    
                     Fine Paper North America                                   
AJ  VAN DER MERWE    Sappi Forest Products             2,000                    
W                                                                               
AP  WAGENAAR         Sappi Forest Products             12,000                   
DG  WILSON           Sappi Limited                     12,000                   
H   ZONDAG           Sappi Fine Paper Europe, Sappi    5,000                    
                     Fine Paper North America                                   
Johannesburg                                                                    
9 March 2005                                                                    
Date: 09/03/2005 02:56:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department