SAPPI LIMITED - Dealing in securities by a director of a listed company

Dealing in securities by a director of a listed company

Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "Company")


Dealing in securities by a director of a listed company


In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby
provide the following information regarding a dealing in securities of Sappi by a director
of one of its major subsidiaries. The dealing was on-market and clearance for the
dealing was received in terms of Listings Requirement 3.66, as follows:


   Director’s name                :    P B McGrady

   Company (Subsidiary)           :    Sappi Southern Africa

   Date of transaction            :    14 March 2017

   Nature of transaction          :    Sale of shares (on market) arising
                                       from vesting of conditional share
                                       awards as per SENS announcement
                                       previously issued by Sappi Limited

   Number of shares sold          :    11 250 shares

   Price obtained per share       :    R86.50

   Total value                    :    R973 125.00

   Class of security              :    Ordinary shares

   Extent of interest             :    Direct beneficial



17 March 2017
Sponsor : UBS South Africa (Pty) Ltd

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