SAP - Sappi - Granting of Conditional Share Awards to Directors of Listed

SAP - Sappi - Granting of Conditional Share Awards to Directors of Listed       
Company                                                                         
Sappi Limited                                                                   
Reg No 1936/008963/06                                                           
(Incorporated in the Republic of South Africa)                                  
JSE Code SAP                                                                    
ISIN code ZAE000006284                                                          
NYSE code SPP                                                                   
("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 conditional  
share awards by Sappi to the undermentioned directors of the Company and its    
major subsidiary companies. The necessary authority in terms of paragraph 3.66  
was obtained and these were off-market transactions:                            
Date of notification                                                            
of transaction           :    5 December 2011                                   
Nature of transaction    :    Grants of Conditional Share Awards in terms of the
                             Sappi Limited Performance Share Incentive Plan     
Strike price             :    Nil (no consideration)                            
Vesting dates for                                                               
Conditional share awards :    2 December 2015                                   
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
DIRECTOR`S NAME   COMPANY                            NUMBER OF                  
                                                    SHARES                      
                                                    SUBJECT TO                  
CONDITIONAL                 

                                                    AWARDS                      
RJ  BOETTGER      Sappi Limited                      200 000                    
J   BONER         Sappi Fine Paper Europe (Co Sec)   50 500                     
HA  DE JONGH      Sappi Southern Africa              53 000                     
M   GARDNER       Sappi Fine Paper North America     105 000                    
TS  HAWKES        Sappi Southern Africa              24 000                     
RD  HOPE          Sappi Fine Paper North America     60 000                     
E   LETLAPE       Sappi Southern Africa              33 000                     
NN  MAELANE       Sappi Southern Africa              53 000                     
S   MANCHESTER    Sappi Fine Paper North America     40 000                     
J   MILLER        Sappi Fine Paper North America     50 000                     
CM  MOWATT        Sappi Southern Africa              28 000                     
G   PEARCE        Sappi Fine Paper Europe            55 500                     
A   ROSSI         Sappi Southern Africa              87 500                     
LA  SWARTZ        Sappi Southern Africa/Sappi Fine   87 500                     
Paper North America                                            

Av  THIEL         Sappi Southern Africa              100 000                    
C                                                                               
MR  THOMPSON      Sappi Limited                      70 000                     
GM  VAN AARDE     Sappi Southern Africa              28 000                     
AJ  VAN DER       Sappi Southern Africa              25 000                     
W   MERWE                                                                       
BJ  WIERSUM       Sappi Fine Paper Europe            105 000                    
6 December 2011                                                                 
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 06/12/2011 16:34:01 Supplied by www.sharenet.co.za                     
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