SAP - Sappi - Dealing In Securities By Directors

SAP - Sappi - 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                                              
In terms of paragraph 3.63 of the Listing Requirements of the JSE Limited, Sappi
provides 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               :    Alan Tubb                                    
Company                       :    Sappi Southern Africa                        
Date of transaction           :    28 November 2008                             
Nature of transaction         :    Payment for shares in terms of obligations   
under                              the Sappi Limited Share Incentive Scheme     
Number of shares acquired     :    2000                                         
Dates rights granted          :    11 December 1998         : R22,10            
and prices                                                                      
Vesting period                :    Over 5 years, expiring after 10 years        
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
2 December 2008                                                                 
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 02/12/2008 17:20:01 Supplied by www.sharenet.co.za                     
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