SAPPI LIMITED - Dealings in securities by directors and company secretary of listed companies

Dealings in securities by directors and company secretary 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 AND COMPANY SECRETARY 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                      : D J O’Connor (Company Secretary)

 Company (Subsidiary)                 : Sappi Limited

 Date of transaction                  : 27 March 2015

 Nature of transaction                : Sale of shares (on-market) arising from exercise of
                                        rights to shares in terms of the Sappi Limited Share
                                        Incentive Scheme

 Number of rights                     : 49,250
 exercised/shares sold

 Dates rights granted and             : 1)   22 December 2008    :   R35.50   _ 8250 rights
 price                                  2)    9 December 2009    :   R33.85   _ 11000 rights
                                        3)    3 December 2010    :   R35.20   _ 15000 rights
                                        4)    2 December 2011    :   R22.90   _ 15000 rights

 Vesting period                       : Over 4 years expiring after 8 years

 Selling price per share              : 1)  8,250 shares at volume weighted average price of
                                           R47.599 (high R47.67, low R47.51)
                                        2) 11,000 shares at volume weighted average price of
                                           R47,2943 (high R47.53, low R47.07)
                                        3) 15,000 shares at volume weighted average price of
                                           R47.0346 (high R47.14, low R47.00)
                                        4) 15,000 shares at volume weighted average price of
                                           R47.003 (high R47.01, low R47.00)

 Total value                          : R2,323,493.05


30 March 2015
Sponsor: UBS South Africa (Pty) Ltd

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