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 ZAE 000006284 NYSE code SPP (“Sappi” or “the Company”) 7 December 2012 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 : 7 December 2012 Nature of transaction : Annual 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 : 7 December 2016 Class of security : Ordinary shares Extent of interest : Direct beneficial DIRECTOR’S NAME COMPANY NUMBER OF NOTIONAL SHARES VALUE SUBJECT TO CONDITIONAL (R) AWARDS SR BINNIE Sappi Limited 100 000 3 020 000 SJ BLYTH Sappi International SA 12 000 362 400 RJ BOËTTGER Sappi Limited 200 000 6 040 000 J BONER Sappi Fine Paper Europe (Company Secretary) 35 000 1 057 000 G BOWLES Sappi Southern Africa 39 000 1 177 800 HA DE JONGH Sappi Southern Africa 39 000 1 177 800 L DI AMATO Sappi International SA 5 000 151 000 M GARDNER Sappi Fine Paper North America 114 000 3 442 800 TS HAWKES Sappi Southern Africa 20 000 604 000 E LETLAPE Sappi Southern Africa 26 000 785 200 NN MAELANE Sappi Southern Africa 26 000 785 200 S MANCHESTER Sappi Fine Paper North America (Company Secretary) 37 000 1 117 400 PB McGRADY Sappi Southern Africa 39 000 1 177 800 JL MILLER Sappi Fine Paper North America 42 000 1 268 400 CM MOWATT Sappi Southern Africa 29 000 875 800 LJ NEWMAN Sappi International SA 14 000 422 800 DJ O’CONNOR Sappi Limited (Company Secretary) 9 000 271 800 J PÄSSLER Sappi International SA 24 000 724 800 G PEARCE Sappi Fine Paper Europe 35 000 1 057 000 R PEELMAN Sappi International SA 5 000 151 000 A ROSSI Sappi Southern Africa 85 500 2 582 100 LA SWARTZ Sappi Southern Africa/Sappi Fine Paper North America 85 500 2 582 100 AvC THIEL Sappi Southern Africa 100 000 3 020 000 GM VAN AARDE Sappi Southern Africa 26 000 785 200 AJW VAN DER MERWE Sappi Southern Africa 26 000 785 200 M VAN HOVEN Sappi Southern Africa/Sappi Fine Paper North America 60 000 1 812 000 BJ WIERSUM Sappi Fine Paper Europe 100 000 3 020 000 Denis O’Connor Group Secretary Sappi Limited Tel +27 11 407 8111 Fax +27 11 339 1881 e-Mail Denis.O’Connor@sappi.com www.sappi.com Sponsor: UBS South Africa (Pty) Ltd Date: 07/12/2012 03:15:00 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.