Sappi - Director"s dealing in securities

Sappi - Director"s dealing in securities                                        
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP     ISIN: ZAE000006284)                                         
("Sappi" or the "Company")                                                      
Director"s dealing in securities                                                
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by a  director of one of the Company"s  major subsidiary    
companies.   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          :    Jorg Passler                                      
Company (Subsidiary)     :    Sappi International SA                            
Date of transaction      :    3 March 2004                                      
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    :    1 800                                             
Dates rights granted                                                            
and prices               :    1 200 shares  : R53,85 : 22 December 1999         
600 shares    : R49,00 : 15 January 2001          

Vesting period           :    Over 5 years                                      
Selling price            :    R95,00                                            
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
Johannesburg                                                                    
4 March 2004                                                                    
Date: 04/03/2004 05:26:22 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department