Sappi Limited - Dealing in securities by director

Sappi Limited - Dealing in securities by director                               
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 DIRECTOR                                               
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.   The   
dealing which is in terms of the Sappi Limited Share Incentive Scheme, and for  
which clearance was received in terms of Listings Requirement 3.74, is as       
follows:                                                                        
Director"s (in this case:                                                       
Company Secretary"s) Name     :    Sarah Manchester (USA Resident)              
Company (Subsidiary)          :    Sappi Fine Paper North America               
Date of transaction           :    22 February 2006                             
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         :    22 600                                       
Dates rights granted                                                            
and prices                    :    1.  2 000 on 19 January 1998  : R19,90       
                                   2.  5 200 on 11 December 1998 : R22,10       
                                   3.  9 000 on 22 December 1999 : R53,85       
                                   4.  6 400 on 15 January 2001  : R49,00       
Vesting period                :    Over 5 years                                 
Selling price                 :    R82,50                                       
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
23 February 2006                                                                
Date: 23/02/2006 03:56:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department