SAPPI LIMITED - Granting of Conditional Share Awards to Directors of Listed Company

Granting of Conditional Share Awards to Directors of Listed Company

                                                    
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284); NYSE code SPP
(“Sappi” or the “Company”)


GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF
LISTED COMPANY

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby provide the
following information regarding the granting of conditional share awards by Sappi to the
undermentioned directors of the Company and its major subsidiary companies. The necessary
authority in terms of paragraph 3.66 was obtained and these were off-market transactions:


Date of notification
of transaction                       :      13 December 2013

Nature of transaction                :      Annual Grants of Conditional Share Awards in terms of
                                            the Sappi Limited Performance Share Incentive Plan

Strike price                         :      Nil (no consideration)

Vesting dates for
Conditional share awards             :      13 December 2017

Class of security                    :      Ordinary shares

Extent of interest                    :      Direct beneficial
 DIRECTOR’S NAME                                               COMPANY                    NUMBER OF       NOTIONAL
                                                                                           SHARES          VALUE
                                                                                         SUBJECT TO
                                                                                         CONDITIONAL        (R)
                                                                                           AWARDS
SR      BINNIE                    Sappi Limited                                                 110 000     3 168 000
SJ      BLYTH                     Sappi International SA                                         15 000       432 000
J       BONER                     Sappi Fine Paper Europe (Company Secretary)                    33 000       950 400
G       BOWLES                    Sappi Southern Africa                                         100 000     2 880 000
L       DI AMATO                  Sappi International SA                                          7 000       201 600
M       GARDNER                   Sappi Fine Paper North America                                110 000     3 168 000
TS      HAWKES                    Sappi Southern Africa                                          20 000       576 000
NN      MAELANE                   Sappi Southern Africa                                          30 000       864 000
S       MANCHESTER                Sappi Fine Paper North America (Company Secretary)             32 000       921 600
PB      McGRADY                   Sappi Southern Africa                                          40 000     1 152 000
JL      MILLER                    Sappi Fine Paper North America                                 34 000       979 200
CM      MOWATT                    Sappi Southern Africa                                          40 000     1 152 000
DJ      O’CONNOR                  Sappi Limited (Company Secretary)                              10 000       288 000
J       PÄSSLER                   Sappi International SA                                         27 000       777 600
G       PEARCE                    Sappi Fine Paper Europe                                        33 000       950 400
R       PEELMAN                   Sappi International SA                                          7 000       201 600
M       QUADVLIEG                 Sappi Fine Paper Europe                                        33 000       950 400
B       ROSS                      Sappi Papier Holding                                           15 000       432 000
LA      SWARTZ                    Sappi Southern Africa/Sappi Fine Paper North America           90 000     2 592 000
AvC     THIEL                     Sappi Southern Africa                                         110 000     3 168 000
GM      VAN AARDE                 Sappi Southern Africa                                          30 000       864 000
M       VAN HOVEN                 Sappi Southern Africa/Sappi Fine Paper North America           90 000     2 592 000
BJ      WIERSUM                   Sappi Fine Paper Europe                                       110 000     3 168 000




Denis O’Connor
Group Secretary
Sappi Limited
Tel +27 11 407 8111
Fax +27 11 339 1881
e-Mail Denis.O’Connor@sappi.com
www.sappi.com


17 December 2013

Sponsor: UBS South Africa (Pty) Ltd
Date: 17/12/2013 04:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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