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SAP - Sappi Limited - Dealing in securities by directors of listed companies

Release Date: 08/06/2011 12:00
Code(s): SAP
Wrap Text

SAP - 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); NYSE code SPP ("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 dealings in securities of Sappi by directors of the Company`s major subsidiary companies. Clearance for the dealings was received in terms of Listings Requirement 3.66, as follows and the transactions were done on market: Director`s Name : C M Mowatt Company (Subsidiary) : Sappi Southern Africa Date of transaction : 6 June 2011 Nature of transaction : Sale of shares Number of shares sold : 11,492 Selling price : R36.00 Total value : R413,712.00 Class of security : Ordinary shares Extent of interest : Direct beneficial Director`s Name : H A de Jongh Company (Subsidiary) : Sappi Southern Africa Date of transaction : 7 June 2011 Nature of transaction : Sale of shares Number of shares sold : 11,492 Selling price : R36.30 Total value : R417,159.60 Class of security : Ordinary shares Extent of interest : Direct beneficial Director`s Name : L. di Amato Company (Subsidiary) : Sappi International Date of transaction : 7 June 2011 Nature of transaction : Sale of shares Number of shares sold : 1,149 Selling price : R36.50 Total value : R41,938.50 Class of security : Ordinary shares Extent of interest : Direct beneficial Director`s Name : D M Mncube Company (Subsidiary) : Sappi Southern Africa Date of transaction : 7 June 2011 Nature of transaction : Sale of shares Number of shares sold : 1) 13,284 2) 1,739 3) 300 15,323 Selling price : 1) R36.30 2) R36.31 3) R36.33 Total value : R556,251.29 Class of security : Ordinary shares Extent of interest : Direct beneficial Director`s Name : L A Swartz Company (Subsidiary) : Sappi Fine Paper North America, Sappi Southern Africa Date of transaction : 7 June 2011 Nature of transaction : Sale of shares Number of shares sold : 5,400 Selling price : R36.43 Total value : R196,722.00 Class of security : Ordinary shares Extent of interest : Direct beneficial Director`s Name : A J van der Merwe Company (Subsidiary) : Sappi Southern Africa Date of transaction : 7 June 2011 Nature of transaction : Sale of shares Number of shares sold : 6,129 Selling price : R36.30 Total value : R222,482.70 Class of security : Ordinary shares Extent of interest : Direct beneficial Denis O`Connor Group Secretary Sappi Limited Tel +27 (0)11 407 8072 Fax +27 (0)11 339 1881 denis.oconnor@sappi.com 8 June 2011 Sponsor: UBS South Africa (Pty) Ltd Date: 08/06/2011 12:00:01 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.

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