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SAP - Sappi Limited - Granting Of Options To Directors Of Listed Company SAPPI LIMITED (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 ("SAPPI" or "the company") GRANTING OF OPTIONS 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 options by Sappi to the undermentioned directors of the Company and its major subsidiary companies: Date of transaction : 12 December 2007 Nature of transaction : Grants of Options in terms of the Sappi Limited Share Incentive Scheme Strike price : R91,32 per share option (Based on closing cum dividend share price on JSE on 3 December 2007, R93,50, less indicative dividend amount of R2,18 per share based on exchange rate on that day).
Vesting dates for exercise of share options: Over 4 years at a rate of 25% per annum commencing 12 December 2008 Class of security : Ordinary shares Extent of interest : Direct beneficial The necessary authority in terms of 3.66 was obtained. DIRECTOR`S NAME COMPANY NUMBER OF VALUE OPTIONS
LJ NEWMAN Sappi Limited 4000 R365,28 0 DJ O`CONNOR Sappi Limited (Co 3000 R273,96 Secretary) 0 J PASSLER Sappi International 5000 R456,60 SA 0 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: Date of transaction : 12 December 2007 Nature of transaction : Grants of Conditional Share Awards in terms of the Sappi Limited Performance Share
Incentive Plan Strike price : Nil Vesting dates for Conditional share awards : 12 December 2011 Class of security : Ordinary shares Extent of interest : Direct beneficial The necessary authority in terms of 3.66 was obtained. DIRECTOR`S NAME COMPANY NUMBER OF SHARES SUBJECT TO CONDITIONAL AWARDS
RJ BOETTGER Sappi Limited 50,000 H DE JONGH Sappi Forest Products 16,000 BM DICK Sappi Forest Products 15,000 RD HOPE Sappi Fine Paper North 35,000 America JH LABUSCHAGNE Sappi Forest Products 40,000 VAR LUBBE Sappi Forest Products 18,000 DM MNCUBE Sappi Forest Products 18,000 CM MOWATT Sappi Forest Products 15,000 A ROSSI Sappi Forest Products 15,000 MR THOMPSON Sappi Limited 40,000 AD TUBB Sappi Forest Products 20,000 G VAN AARDE Sappi Forest Products 10,000 AJW VAN DER Sappi Forest Products 8,000 MERWE B WIERSUM Sappi Fine Paper Europe 40,000 Date: 14/12/2007 16:02:24 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.
