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 the Company and by directors of a major subsidiary.  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               :    C M Mowatt                                   
Company (Subsidiary)          :    Sappi Forest Products (Pty) Limited          
Date of transaction           :    19 December 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                   :    900                                          
                                                                                
Date rights granted           :   22 December 1999   R53,85   R93,50            
and prices                                                                      
Vesting period                :    Over 5 years                                 
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
Date: 20/12/2007 14:34:09 Supplied by www.sharenet.co.za                     
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