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               :    R D Hope                                     
Company                       :    Fine Paper North America                     
Date of transaction           :    1) 15 December 2008                          
2) 18 December 2008                           

Nature of transaction:             Subscription for shares arising from Sappi   
                                  Limited Rights Offer                          
Number of Shares              :    1) 39 773                                    
subscribed                    :    2) 844                                       
Subscription price            :    R20,27                                       
Class of security             :    Ordinary shares                              
Extent of interest                 Direct beneficial                            
Company Secretary Name        :    D J O`Connor                                 
Company                       :    Sappi Limited                                
Date of transaction           :    1) 15 December 2008                          
                                  2) 18 December 2008                           
Nature of transaction         :    Subscription for shares arising from Sappi   
Limited Rights Offer                                                            
Number of Shares              :    1) 2 400                                     
subscribed                    :    2) 51                                        
Subscription price            :    R20,27                                       
Class of security             :    Ordinary shares                              
Extent of interest                 Direct beneficial                            
SPONSOR:  UBS South Africa (Pty) Ltd                                            
Date: 19/12/2008 07:30:20 Supplied by www.sharenet.co.za                     
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