SAPPI LIMITED - Sappi sells Cape Kraft recycled packaging mill to Golden Era Group

Sappi sells Cape Kraft recycled packaging mill to Golden Era Group

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")


Sappi sells Cape Kraft recycled packaging mill to Golden Era Group

Following on Sappi’s recent announcement of the sale of its Enstra Mill and recycled
packaging business, Sappi wishes to announce the sale of its Cape Kraft recycled packaging
paper Mill to the Golden Era Group. In March 2015 Sappi initiated a closed tender process
after receiving many expressions of interest to buy the mill. It is expected that the transaction
will close in September 2015. The disposal is not categorisable in terms of section 9.5 of the
JSE Listings Requirements. Sappi will receive just short of R600 million from the two
transactions.

Commenting on the transaction, Sappi Southern Africa CEO Alex Thiel said: “The sale of the
Cape Kraft and Enstra mills and the recycled packaging paper business is in line with Sappi
Southern Africa’s strategy to unlock value from non-core assets and free up resources for
investment in dissolving wood pulp, virgin containerboard and other new business
opportunities. The sales also support the Sappi Limited strategy to strengthen the group’s
balance sheet and focus on high-growth opportunities.”

Golden Era Group CEO Kishor Chhita remarked: “We are very pleased to be able to acquire
this top quality asset from Sappi. It will strengthen our position in the market as a service-
oriented company that offers packaging solutions and will further help us to achieve our goal
of creating lasting team-based partnerships with our customers.”
                                                                                       ENDS
Johannesburg, 14 July 2015
Sponsor:
UBS South Africa (Pty) Ltd
                                                                            

NOTE TO EDITORS:
Golden Era Group, started in 1955, is today the third largest printing and packaging
company in South Africa. The Group has a national footprint company specializing in the
manufacturing of kraft paper, corrugated cases, folding cartons, notestiks, paperbags, self-
adhesive and IML labels, shrink sleeves, three piece metal cans, vacuum-formed and
thermos-formed packaging.

Sappi Limited (JSE: SAP), is a global company focused on dissolving wood pulp, paper pulp
and paper-based solutions to our direct and indirect customer base in some 161 countries
around the world. Headquartered in Johannesburg, South Africa, with over 13,000
employees and manufacturing operations on three continents in seven countries and group
sales of US$6 billion. Learn more about Sappi at www.sappi.com.


 For further information             Issued by
 André F Oberholzer                  Brunswick
 Group Head Corporate Affairs        on behalf of Sappi Limited
 Sappi Limited                       Tel + 27 (0) 11 502 7300
 Tel +27 (0)11 407 8044
 Mobile +27 (0)83 235 2973
 Andre.oberholzer@sappi.com

 Elijah Masondo
 Corporate Communications Manager
 Sappi SA
 Tel + 27 (0)11 407 8478
 Mobile + 27 (0)83 661 7012
 Elijah.Masondo@sappi.com

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