SAP - Sappi Limited - Dealing in securities by Directors of Listed Companies

SAP - Sappi Limited - 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 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          :    J H Labuschagne                                   
Company                  :    Sappi Forest Products                             
Date of transaction      :    31 May 2007                                       
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        8 800                                             
                         Offer Date                 Offer    Selling            
                                                    Price    Price              
Date rights granted   1.  800 on 19 January 1998     R19,90   R131,17           
and prices            2.  4000 on 22 December 1999   R53,85   R131,17           
                     3.  4000 on 15 January 2001    R49,00   R131,17            
Vesting period                Over 5 years                                      
Class of security             Ordinary shares                                   
Extent of interest            Direct beneficial                                 
1 June 2007                                                                     
Date: 01/06/2007 16:22:22 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.