SAPPI LIMITED - DEALING IN SECURITIES BY A DIRECTOR

SAPPI LIMITED - DEALING IN SECURITIES BY A DIRECTOR                             
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 A DIRECTOR                                             
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by a director of the Company.                               
Director"s Name               :Jonathan Charles Alexander Leslie                
Company                       :Sappi Limited                                    
Date of transaction           : 31 March 2004                                   
Nature of transaction         :Award of shares to Mr Leslie in terms of his     
service contract                                                                
Number of shares acquired     :16 667                                           
Purchase price                :Nil                                              
Class of security             :Ordinary shares                                  
Extent of interest            :Direct beneficial                                
Clearance to deal in terms of Listings Requirement 3.66:    Yes                 
Johannesburg                                                                    
1 April 2004                                                                    
Date: 01/04/2004 08:03:50 AM Supplied by www.sharenet.co.za                     
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