SAP - Sappi - Granting of conditional share awards to directors of listed

SAP - Sappi - Granting of conditional share awards to directors of listed       
company                                                                         
Sappi Limited                                                                   
Registration Number 1936/008963/06                                              
(Incorporated in the Republic of South Africa)                                  
Issuer Code: SAVVI                                                              
JSE Code: SAP                                                                   
ISIN: ZAE000006284                                                              
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding the granting of conditional  
share awards by Sappi to the undermentioned directors of a major subsidiary     
company of Sappi Limited :                                                      
Date of transaction           :    19 March 2008                                
Nature of transaction         :    Grants of Conditional Share Awards in terms  
                                  of the Sappi Limited Performance Share        
Incentive Plan                                

Strike price                  :    Nil                                          
Vesting dates for                                                               
Conditional share awards      :    19 March 2012                                
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
The necessary authority in terms of 3.66 was obtained.                          
 DIRECTOR`S NAME      COMPANY                      NUMBER OF SHARES SUBJECT     
TO CONDITIONAL AWARDS        

 M   GARDNER          Sappi Fine Paper North       40 000                       
                      America                                                   
 S   MANCHESTER       Sappi Fine Paper North       18 000                       
America                                                   

 J   MILLER           Sappi Fine Paper North       20 000                       
                      America                                                   
 D J O`Connor                                                                   
Group Secretary                                                                
 Sappi Limited                                                                  
Date: 25/03/2008 16:23:53 Supplied by www.sharenet.co.za                     
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