Sharenet Sites 
Sharenet Sites
SAP - Sappi Limited - Media Release - Sappi signs Euro360 million global trade receivables securitisation programme 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") Media Release Johannesburg Sappi signs Euro360 million Global Trade Receivables Securitisation Programme 25 August 2011 Sappi Limited today announced the successful implementation of a three year Euro360 million Trade Receivables Securitisation Programme for its non-South African businesses. The programme is arranged by UniCredit Bank AG and funded via its Arabella Finance Limited conduit programme. The proceeds have been used to refinance the group`s existing short-term securitisation programme which was due to mature in December 2011. Following a successful US$680 million multi-currency Senior Secured Notes Offering and an extension and increase of its Euro350 million Revolving Credit Facility earlier this year, the group`s new securitisation programme further extends its debt maturity profile at a very competitive cost. Mark Thompson, Sappi`s Chief Financial Officer, commented: "We are pleased to have successfully completed this three year securitisation programme, effectively terming out our existing short-term programme. The transaction highlights our continued proactive approach to managing our debt capital structure and contributes to the diversity of our funding sources, thereby further enhancing our overall financial flexibility." ENDS For further information contact: Robert Hope Andre F Oberholzer Group Head Strategic Development Group Head Corporate Affairs Sappi Limited Sappi Limited Tel +27 (0) 11 407 8492 Tel +27 (0) 11 407 8044 Robert.Hope@sappi.com Mobile +27 (0) 83 235 2973 Andre.Oberholzer@sappi.com Graeme Wild Group Investor Relations Manager Sappi Limited Tel +27 11 407 8391 Mobile +27 (0) 83 320 8624 Graeme.Wild@sappi.com Date: 25/08/2011 16:21:13 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.
