SAPPI LIMITED - Dealing in securities by Directors

Dealing in securities by Directors

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

In terms of paragraph 3.63 of the Listing Requirements of the JSE Limited, Sappi provides
the following information regarding dealing in securities of Sappi by a director a major
subsidiary. The dealing which is in terms of the Sappi Limited Share Incentive Scheme and
for which clearance was received in terms of Listings Requirement 3.66 is as follows.

Director’s Name               :      Stephen Blyth
Subsidiary Company            :      Sappi International SA
Date of transaction           :      19 November 2013

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                   :       5 000

Dates rights granted          :      2 December 2011       : R22.90
and price

Vesting period                :      Over 4 years, expiring after 8 years

Selling price                 :      R32.89

Total value of shares sold    :      R164 450.00

Class of security             :      Ordinary shares

Extent of interest            :      Direct beneficial

The exercise of the rights was an off-market transaction and the pursuant sale was on-
market.

20 November 2013
Sponsor: UBS South Africa (Pty) Ltd

Denis O’Connor
Group Secretary
Sappi Limited
Tel +27 (0)11 407 8072
Fax +27 (0)11 339 1881
denis.oconnor@sappi.com

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