Sappi Limited - Granting of conditional share awards to directors

Sappi Limited - Granting of conditional share awards to directors               
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP & ISIN: ZAE000006284)                                           
("Sappi" or the "Company")                                                      
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS                               
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding the conditional award of     
shares by Sappi to a director of the Company.                                   
The dealing, which is in terms of the Sappi Limited Performance Share Incentive 
Plan and for which clearance was received in terms of Listings Requirement 3.66,
is as follows:                                                                  
Director"s Name               :    Mark Richard Thompson                        
Company                       :    Sappi Limited                                
Date of transaction           :    29 September 2006                            
Nature of transaction         :    Grant of conditional share award in terms of 
                                   The Sappi Limited Performance Share Incentive
                                   Plan                                         
Number of Conditional                                                           
Share Awards                  :    In respect of 50 000 shares                  
Strike price                  :    n/a                                          
Vesting dates for                                                               
Conditional share award       :    29 September 2010                            
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
3 October 2006                                                                  
Date: 03/10/2006 08:41:21 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department