Sappi Limited - Dealing in securities by directors of listed companies

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 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 3.74, is as       
follows :                                                                       
Director"s Name          :    H Martin                                          
Company (Subsidiary)     :    Sappi Papier Holding GmbH                         
Date of transaction      :    15 November 2005                                  
Nature of transaction    :    Purchase of shares in terms of the                
                              Sappi LimitedShare Incentive Scheme               
Number of rights                                                                
exercised/shares sold    :    7 237                                             
Dates rights granted                                                            
and prices               :    29 November 1995 : R56,75                         
Vesting period           :    Over 5 years                                      
Selling price            :    N/A                                               
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
17 November 2005                                                                
Date: 17/11/2005 04:38:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department