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SAP - Sappi - Media Release - Sappi Announces Intended Closure Of Sappi Usutu Pulp Mill And Restructuring Of Forestry Business In Swaziland Sappi Limited (Registration number 1936/008963/06) (Incorporated in the Republic of South Africa) Share code: SAP & ISIN: ZAE000006284) ("Sappi" or the "Company") Embargo until 08:00 Friday, 30 October 2009 Media Release 30 October 2009 Intended closure of Sappi Usutu Pulp Mill and restructuring of forestry business in Swaziland in response to market conditions and forest fire damage In response to adverse market conditions, as well as the cumulative severe impact of fire damage over the past few years, in particular the fires of August 2008 which destroyed 40% of the Usutu timber crop, it has become apparent that the Sappi Usutu Pulp Mill is no longer sustainable. Sappi has therefore today announced that it will begin the process of consulting with staff and all other relevant stakeholders regarding its intention to close the Usutu Pulp Mill on 31 January 2010. With the closure of the mill Sappi would also exit the unbleached softwood flash-dried pulp market served by Usutu Pulp Mill. The mill has a capacity of 190,000 tonnes annually. Sappi will continue to seek future beneficiation opportunities for the profitable utilisation of the Usutu forests. This could include the introduction of new investors. The Sappi Usutu Pulp Company directly employs around 600 people. ENDS Issued by: Brunswick South Africa on behalf of Sappi Limited Tel + 27 11 502 7300 Fax + 27 11 268 5747 For further information contact: Shane Perrow Andre F Oberholzer General Manager Group Head Corporate Affairs Sappi Usutu Pulp Company Sappi Limited Tel +268 452 5110 Tel +27 11 407 8044 Mobile +268 602 0303 Mobile +27 83 235 2973 shane.perrow@sappi.com andre.oberholzer@sappi.com Date: 30/10/2009 07:58:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
