SAP - Sappi Limited - Dealing in securities by directors of listed companies

SAP - Sappi Limited - Dealing in securities by directors of listed companies    
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 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 a director of one of the Company`s major subsidiary companies.      
Clearance for the dealing was received in terms of Listings Requirement 3.66,   
as follows:                                                                     
Director`s Name          :         A  J  W van der Merwe                        
Company (Subsidiary)     :         Sappi Southern Africa                        
Date of transaction      :         03 June 2008                                 
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    :         8 000                                        
Dates rights granted     :         11 December 1998 : R22,10                    
and price                                                                       
Vesting period           :         Over 5 years, expiring after 10 years        
Selling price            :         R112,01                                      
Class of security        :         Ordinary shares                              
Extent of interest       :         Direct beneficial                            
04 June 2008                                                                    
Sponsor                                                                         
UBS Warburg                                                                     
Date: 04/06/2008 16:20:01 Supplied by www.sharenet.co.za                     
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