Sappi Limited - Granting Of Conditional Share Awards To Directors Of Listed

Sappi Limited - Granting Of Conditional Share Awards To Directors Of Listed     
Company                                                                         
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP     ISIN: ZAE000006284)                                         
("Sappi" or the "Company")                                                      
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED COMPANY             
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding the granting of options by   
Sappi to the undermentioned directors of the Company and its major subsidiary   
companies:                                                                      
Date of transaction           :    21 December 2005                             
Nature of transaction         :    Grants of conditional share awards in terms  
of the                             Sappi Limited Performance Share Incentive    
Plan                                         

Strike price                  :    n/a                                          
Vesting dates for                                                               
Conditional share awards      :    21 December 2009                             
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
The necessary authority in terms of 3.66 was obtained.                          
    DIRECTOR"S NAME       COMPANY                        NUMBER OF              
CONDITIONAL            

                                                         SHARE AWARDS           
    R    HAGEN            Sappi Fine Paper North         42 000                 
                          America                                               
SG   MANCHESTER       Sappi Fine Paper North         15 000                 
                          America (Co Secretary)                                
    J    MILLER           Sappi Fine Paper North         8 000                  
                          America                                               
Date: 23/12/2005 11:19:23 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department