Sappi - Dealing in securities by directors of listed companies

Sappi - 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 Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by a director of one of the Company"s major subsidiary      
companies.   The dealing which is in terms of the Sappi Limited Share Incentive 
Scheme, and for which clearance was received in terms of Listings Requirement   
3.74, is as follows :                                                           
Director"s Name          :    Dinga Mncube                                      
Company (Subsidiary)     :    Sappi Forest Products                             
Date of transaction      :    9 March 2005                                      
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    :    11 700                                            
Dates rights granted                                                            
and prices               :    1. 1 200 on 24 February 1997 : R34,90             
2. 1 800 on 19 January 1998  : R19,90             

                              3. 3 200 on 11 December 1998 : R22,10             
                              4. 4 200 on 22 December 1999 : R53,85             
                              5. 1 300 on 15 January 2001  : R49,00             
Vesting period           :    Over 5 years                                      
Selling price            :    R78,12                                            
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
Johannesburg                                                                    
11 March 2005                                                                   
Date: 11/03/2005 01:12:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department