SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTOR

In terms of paragraph 3.72 to 3.75 of the JSE Listings Requirements the
following information is disclosed:
Director              : Donald Gert Wilson
Date of transaction   : 6 March 2001
Nature of transaction : Sale
Number of shares sold : 16,000
Selling price         : R69,10 per share
Class of security     : Ordinary shares
Extent of interest    : Direct beneficial
Director              : Wolfgang Pfarl
Date of transaction   : 6 March 2001
Nature of transaction : Sales
Number of shares sold : 1)20,000
                        2)20,000
Selling price         : 1)R67,50 per share
                        2)R68,00 per share
Class of security     : Ordinary shares
Extent of interest    : Direct beneficial
Director              : William Edward Hewitt
Date of transaction   : 7 March 2001
Nature of transaction : Sales
Number of shares sold : 1)6,000
                        2)13,125
Selling price         : 1)R69,00 per share
                        2)R69,50 per share
Class of security     : Ordinary shares
Extent of interest    : Direct beneficial
Ends