SAPPI SOUTHERN AFRICA LIMITED - Partial Capital Reduction

Partial Capital Reduction

Sappi Southern Africa Limited
Incorporated in the Republic of South Africa
Registration number 1951/003180/06
JSE Alpha code: SSAI
("Sappi Southern Africa")


PARTIAL CAPITAL REDUCTION


In accordance with the terms and conditions of Sappi Southern Africa's ZAR5,000,000,000 Domestic Medium Term
Note Programme dated 12 August 2021, noteholders are advised of the partial capital reduction ("Reduction") of
instrument SSA08 (the "Notes") as follows:

Bond code:                                     SSA08
ISIN:                                          ZAG000177536
Nominal amount in issue before Reduction:      R1,500,000,000.00
Reduction of nominal amount:                   R1,255,000,000.00
Remaining nominal amount in issue:             R245,000,000.00
Payment date:                                  12 April 2024

The Reduction is due to a market repurchase of the Notes by Sappi Southern Africa.


9 April 2024

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 09-04-2024 05:10:00
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