SAP - Sappi - Dealing In Securities By Directors Of Listed Companies

SAP - Sappi - 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.         
Clearance for the dealing was received in terms of Listings Requirement 3.66, as
follows:                                                                        
Director`s Name          :    Alan Tubb                                         
Company (Subsidiary)     :    Sappi Southern Africa                             
Date of transaction      :    28 November 2008                                  
Nature of transaction    :    Sale of shares arising from exercise of rights to 
                             shares in terms of the Sappi Limited Share         
                             Incentive Scheme                                   
Number of rights                                                                
Exercised/shares sold    :    4 000                                             
Dates rights granted     :    11 December 1998         : R22,10                 
and price                                                                       
Vesting period           :    Over 5 years expiring after 10 years              
Selling price            :    R36,15                                            
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
2 December 2008                                                                 
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 02/12/2008 17:22:01 Supplied by www.sharenet.co.za                     
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