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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 the Company and by directors of 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 : C M Mowatt Company (Subsidiary) : Sappi Forest Products Date of transaction : 22 May 2007 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 : 2 300 Offer Date Offer Selling Price Price
Date rights 1. 1 782 on 22 December 1999 R53,85 R131,80 granted and prices 2. 518 on 22 December 1999 R53,85 R131,77 Vesting period : Over 5 years Class of security : Ordinary shares Extent of interest : Direct beneficial Ldoc002 jserau Director`s Name : F H Coleman Company (Subsidiary) : Sappi Forest Products Date of transaction : 22 May 2007 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 : 8 000 Offer Date Offer Selling Price Price Date rights 1. on 13 February 2003 R112,83 R131,00 granted and prices Vesting period : Over 5 years Class of security : Ordinary shares Extent of interest : Direct beneficial Ldoc002 Jsecolemans 23 May 23, 2007 UBS Warburg Date: 23/05/2007 16:23:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
