Sappi - Dealing in securities by Directors of listed companies

Sappi - 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 Listing Requirements of the JSE Limited, we   
hereby provide the following information regarding the dealing in securities of 
Sappi by directors of the Company.  Clearance for the dealing which was received
in terms of Listings Requirement 3.74, is as follows :                          
Director"s Name          :    V A R Lubbe                                       
Company (Subsidiary)     :    Sappi Forest Products                             
Date of transaction      :    22 September 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    :    1.  8 000                                         
2.  2 000                                         

                              3.  4 800                                         
                              4.  3 500                                         
                                 18 300                                         
Dates rights granted                                                            
and prices               :    1.  22 December 1999 : R53,85                     
                              2.  15 January 2001 : R49,00                      
                              3.  30 December 2003 : R79,25                     
4.  13 December 2004 : R78,00                     

Vesting period           :    Over 5 years                                      
Selling price            :    R100,00                                           
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
27 September 2006                                                               
Date: 27/09/2006 02:45:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department