Sharenet Sites 
Sharenet Sites
SAP - Sappi Limited - 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 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 : W V Rau Company : Sappi Papier Holding GmbH 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 : 8 100 Offer Date Offer Price Selling Price Date rights 1. 2 000 on 14 January 2004 R79,25 R131,00 granted and prices 2. 3 300 on 13 December 2004 R78,00 R131,00 3. 800 on 14 January 2004 R79,25 R131,80
4. 1 200 on 13 December 2004 R78,00 R131,80 Vesting period : Over 4 years Class of security : Ordinary shares Extent of interest : Direct beneficial Director`s Name : R Thummer Company : Sappi Fine Paper Europe Sappi Fine Paper North America 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 : 24 500 Offer Date Offer Price Selling Price
Date rights 1. 9 600 on 13 February 2003 R112,83 R131,00 granted 2. 7700 on 30 December 2003 R79,25 R131,00 and prices 3. 2825 on 13 December 2004 R78,00 R131,00 4. 1495 on 13 December 2004 R78,00 R131,50 5. 590 on 13 December 2004 R78,00 R131,29 6. 1411 on 13 December 2004 R78,00 R131,10 7. 879 on 13 December 2004 R78,00 R131,26
Vesting period : 1&2. Over 5 years 3 to 7. Over 4 years Class of security : Ordinary shares Extent of interest : Direct beneficial - end - 24 May 2007 Date: 24/05/2007 15:13:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
