Sappi - Dealing In Securities By Director

Sappi - Dealing In Securities By Director                                       
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 the Company and by directors of a major subsidiary.  The 
dealing which is in terms of the Sappi Limited Share Incentive Scheme, and for  
which clearance was received in terms of Listings Requirement 3.66, is as       
follows:                                                                        
Director"s Name          : H Gebreiter                                          
Company                  : Sappi Fine Paper Europe                              
Date of transaction      : 15 November 2006                                     
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    : 15 000                                               
                   Offer Date                 Offer Price   Selling             
                                                            Price               
Date rights   1.   205 on 30 December 2003    R79,25        R112,65             
granted                                                                         
and prices    2.   4 012 on 30 December 2003  R79,25        R112.00             
              3.   1 000 on 30 December 2003  R79,25        R112,50             
4.   100 on 30 December 2003    R79,25        R112,40             

              5.   1 200 on 30 December 2003  R79,25        R112,30             
              6.   3 500 on 30 December 2003  R79,25        R112,25             
              7.   4 983 on 30 December 2003  R79,25        R112,20             
Vesting period           :    Over 5 years                                      
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
16 November 2006                                                                
Date: 16/11/2006 04:32:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department