SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTOR

SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTOR                               
Sappi Limited                                                                   
Registration Number 1936/008963/06                                              
Share code  :  SAVVI                                                            
ISIN        :  ZAE000006284                                                     
DEALING IN SECURITIES BY DIRECTOR                                               
In Compliance with Rule 3.72 to 3.75 of the JSE Securities Exchange SA Listings 
Requirements, the following should be noted:                                    
Name of director           : Thomas Louw de Beer                                
Date of transaction        : 27 March 2003                                      
Nature of transaction      : Purchase                                           
Amount                     : 5 000                                              
Purchase price             : R99,40 per share                                   
Class of security          : Ordinary shares                                    
Extent of interest         : Direct beneficial