SAPPI LIMITED - Dealings in securities by directors of listed companies

Dealings in securities by directors of listed companies

Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "Company")


Dealings 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 directors of
the Company and its major subsidiaries. The dealings were on-market and clearance for
the dealings were received in terms of Listings Requirement 3.66, as follows:


   Director’s name               :   G T Pearce

   Company (Subsidiary)          :   Sappi Southern Africa

   Date of transaction           :   16 February 2017

   Nature of transaction         :   Sale of shares (on market) to settle
                                     tax liability arising from vesting of
                                     conditional share awards as per SENS
                                     announcement previously issued by
                                     Sappi Limited

   Number of shares sold         :   15 750 shares

   Volume-weighted average       :   R81.5651 (low R81.40; high R81.90)
   price per share

   Total value                   :   R1 284 650.33

   Class of security             :   Ordinary shares

   Extent of interest            :   Direct beneficial




   Director’s name                :   A Thiel
                                                                             
   Company (Subsidiary)           :    Sappi Southern Africa

   Date of transaction            :    16 February 2017

   Nature of transaction          :    Sale of shares (on market) to settle tax
                                       liability arising from vesting of conditional
                                       share awards as per SENS
                                       announcement previously issued by
                                       Sappi Limited

   Number of shares sold          :    1) 10 309 shares
                                       2) 9 960 shares
                                       3) 3 459 shares

   Volume-weighted average        :    1) R82.9376 (low R82.90; high R82.97)
   price per share                     2) R82.9137 (low R82.90; high R82.92)
                                       3) R82.9000 (low R82.90; high R82.90)

   Total value                    :    1) R855 003.72
                                       2) R825 820.45
                                       3) R286 751.10

   Class of security              :    Ordinary shares

   Extent of interest             :    Direct beneficial



20 February 2017

Sponsor : UBS South Africa (Pty) Ltd

Date: 20/02/2017 03:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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