SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS

SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS                              
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
JSE Code: SAP                                                                   
ISIN Code: ZAE000006284                                                         
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES                          
In terms of paragraph 3.72 of the listing requirements of the JSE Securities    
Exchange SA, The following should be noted:                                     
Director                 :    Monte Roy Haymon                                  
Date of transaction      :    15 August 2003                                    
Nature of transaction    :    Sale                                              
Number of shares sold    :    5 000 shares                                      
Selling price            :    R95,20 per share                                  
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
Date: 18/08/2003 12:26:44 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department