Sappi Limited - Dealing in securities by Directors of listed companies

     Sappi Limited - 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 Listings Requirements of the JSE Limited,
     we hereby provide the following information regarding dealing in securities
     of Sappi by a director of the Company and by directors of a major          
     subsidiary.  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          :    Andre Pierre Wagenaar                        
     Company                  :    Sappi Forest Products                        
Date of transaction      :    14 November 2006                             
     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    :    42 100                                       
                        Offer Date                    Offer    Selling          
                                                      Price    Price            
Date rights   1.   2 827 on 19 January 1998      R19,90   R111,02          
     granted and                                                                
     prices                                                                     
                   2.   373 on 19 January 1998        R19,90   R111.59          
3.   6 301 on 11 December 1998     R22,10   R111,00          

                   4.   1 463 on 11 December 1998     R22,10   R111,50          
                   5.   221 on 11 December 1998       R22,10   R111,35          
                   6.   15 on 11 December 1998        R22,10   R111,59          
7.   5 490 on 22 December 1999     R53,85   R111,80          

                   8.   3 448 on 22 December 1999     R53,85   R111,60          
                   9.   32 on 22 December 1999        R53,85   R111,59          
                   10.  30 on 22 December 1999        R53,85   R111,79          
11.  2 422 on 15 January 2001      R49,00   R111,48          

                   12.  298 on 15 January 2001        R49,00   R111,79          
                   13.  967 on 15 January 2001        R49,00   R112,01          
                   14.  2 093 on 15 January 2001      R49,00   R111,95          
15.  620 on 15 January 2001        R49,00   R112,10          

                   16.  4 990 on 30 December 2003     R79,25   R112,00          
                   17.  2 744 on 30 December 2003     R79,25   R111,70          
                   18.  62 on 30 December 2003        R79,25   R112,10          
19.  204 on 30 December 2003       R79,25   R112,20          

                   20.  4 289 on 13 December 2004     R78,00   R112,15          
                   21.  754 on 13 December 2004       R78,00   R112,20          
                   22.  2 457 on 13 December 2004     R78,00   R111,65          
Vesting period           :    Over 5 years                                 
     Class of security        :    Ordinary shares                              
     Extent of interest       :    Direct beneficial                            
     16 November 2006                                                           
Date: 16/11/2006 08:24:07 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department