SAP - Sappi Limited - Dealing in securities by directors

SAP - Sappi Limited - Dealing in securities by directors                        
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                                              
In terms of paragraph 3.63 of the Listing Requirements of JSE Limited Sappi     
provides the following information regarding dealing in securities of Sappi by  
a director of a subsidiary company of Sappi. 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               :    Mark Gardner                                 
Company                       :    Sappi Fine Paper North America               
Date of transaction           :    28 November 2007                             
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                   :    5 000                                        
Selling Price                 :    R88,50                                       
Dates rights granted          :    22 December 1999 : R53,85                    
and price                                                                       
Vesting period                :    Over 5 years                                 
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
30 November 2007                                                                
Sponsor:  UBS Warburg                                                           
Date: 30/11/2007 12:06:07 Supplied by www.sharenet.co.za                     
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