SAPPI LIMITED - Granting of conditional share awards

Granting of conditional share awards


Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284

(“Sappi” or “the Company”)


DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY


GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
COMPANY AND COMPANY SECRETARY

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby
provide the following information regarding the granting of conditional share awards by Sappi
to the undermentioned directors of the Company and its major subsidiary companies. The
necessary authority in terms of paragraph 3.66 was obtained and these were off-market
transactions:
   Date of notification of transaction :     9 December 2016
   (to participant)
   Nature of transaction                 :   Annual grants of conditional share awards in
                                             terms of the Sappi Limited Performance
                                             Share Incentive Plan

   Strike price                          :   Nil (no consideration)
   Vesting dates for conditional share :     9 December 2020
   awards
   Class of security                     :   Ordinary shares
   Extent of interest                    :   Direct beneficial
                                                                                      Page 2 of 2



                                                                           NUMBER OF         NOTIONAL
                                                                            SHARES
    NAME                   COMPANY                                         SUBJECT TO          VALUE *
                                                                          CONDITIONAL
                                                                            AWARDS               (R)
    SR    BINNIE            Sappi Limited                                    162 000         13 727 880.00
    SJ    BLYTH             Sappi Papier Holding                              27 000          2 287 980.00
    GR    BOWLES            Sappi Southern Africa                             75 000          6 355 500.00
    M     GARDNER           Sappi North America / Sappi Papier Holding        90 000          7 626 600.00
    M     HAWS              Sappi North America                               26 000          2 203 240.00
    TS    HAWKES            Sappi Southern Africa                             21 000          1 779 540.00
    NN    MAELANE           Sappi Southern Africa                             26 000          2 203 240.00
    S     MANCHESTER        Sappi North America (Company Secretary)           26 000          2 203 240.00
    F     MARUPEN           Sappi Southern Africa / Sappi North America       60 000          5 084 400.00
    PB    McGRADY           Sappi Southern Africa                             27 000          2 287 980.00
    W     MORROW            Sappi Papier Holding                               8 300            703 342.00
    J     PÄSSLER           Sappi Papier Holding                              27 100          2 296 454.00
    GT    PEARCE            Sappi Limited                                     75 000          6 355 500.00
    TK    STANGER           Sappi Southern Africa                             30 000          2 542 200.00
    AvC   THIEL             Sappi Southern Africa                             90 000          7 626 600.00
    AJ    TREGONING         Sappi Limited (Company Secretary)                 25 100          2 126 974.00
    GM    VAN AARDE         Sappi Southern Africa                             21 000          1 779 540.00
    M     VAN HOVEN         Sappi Southern Africa / Sappi North America       70 000          5 931 800.00
    R     WELLS             Sappi Southern Africa                             27 000          2 287 980.00
    BJ    WIERSUM           Sappi Papier Holding                              90 000          7 626 600.00
      
*   Based on an implied price of R84.74 per share (closing price on 8 December 2016)



9 December 2016

Sponsor: UBS South Africa (Pty) Ltd

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