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          :    C M Mowatt                                        
Company (Subsidiary)     :    Sappi Southern Africa                             
Date of transaction      :    04 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    :    1 500                                             
Dates rights granted     :    1)   600 on 15 January 2001 at and price R49,00   
                                  per share 900 on 13 December 2004 at R78,00   
                                  per share                                     
Vesting period           :    1)   Over 5 years, expiring after 8 years         
                             2)   Over 4 years, expiring after 8 years          
Selling price            :    R114,00                                           
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
04 June 2008                                                                    
Sponsor                                                                         
UBS Warburg                                                                     
Date: 04/06/2008 16:22:01 Supplied by www.sharenet.co.za                     
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