SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS

In terms of paragraph 3.72 - 3.75 of the JSE Listings requirements, the
following information is disclosed:
Director                  :   Monte Roy Haymon
Date of transaction       :   18 June 2001
Nature of transactions    :   Sales
Number of shares sold and

Selling price             :   7 000 at US$8,90 (R71,62)
                              per share
Date of transaction       :   19 June 2001

                              4 000 at R71,00 per share

                              2 000 at R71,10 per share

                              3 000 at R71,20 per share

                              1 000 at R71,40 per share

                              1 000 at R71,50 per share

                              2 000 at R71,80 per share
Class of security         :   Ordinary shares

Extent of interest        :   Indirect Beneficial : 7 000
                              shares

                              Direct Benefical : 13 000
                              shares