Sharenet Sites 
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SAP - 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 Limited, we hereby provide the following information regarding dealing in securities of Sappi by directors of the Company and by directors 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 3.66, is as follows : Director`s Name : Denis James O`Connor Company (Subsidiary) : Sappi Limited Date of transaction : 21 December 2007 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 : 3200 Dates rights granted and prices : 22 December 1999 : R53,85 Vesting period : Over 5 years Selling price : R97,00 Class of security : Ordinary shares Extent of interest : Direct beneficial 24 December 2007 Sponsor: UBS South Africa (Pty) Ltd Date: 24/12/2007 11:36:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
