Vesting of shares in terms of the share incentive plan 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”) 20 December 2012 1. Vesting of Conditional Share Awards Granted 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 vesting of conditional share awards granted 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: Nature of transaction : Vesting of grants of conditional share awards in terms of the Sappi Limited Performance Share Incentive Plan. Date of transaction : 19 December 2012 (date participants informed of vesting) Number of conditional : Various, see table below Share awards granted Date of Grants : 22 December 2008 Vesting period : 4 years from date of grant Percentage of grants : 37.5%, see table below vested Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s Name : R J Boëttger Company of which : Sappi Limited he is a director Number of Grants Awarded Number of Grants Vested Value (R) 154 000 57 750 1 760 797.50 Director’s Name : H Boner Company of which : Sappi Fine Paper Europe he is a director Number of Grants Awarded Number of Grants Vested Value (R) 26 400 9 900 301 851.00 Director’s Name : H A de Jongh Company of which : Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 37 400 14 025 427 622.25 Director’s Name : M Gardner Company of which : Sappi Fine Paper North America he is a director Number of Grants Awarded Number of Grants Vested Value (R) 88 000 33 000 1 006 170.00 Director’s Name : N N Maelane Company of which : Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 13 200 4 950 150 925.50 Director’s Name : S Manchester (Company Secretary) Company of which : Sappi Fine Paper North America she is a director Number of Grants Awarded Number of Grants Vested Value (R) 33 000 12 375 377 313.75 Director’s Name : J M Miller Company of which : Sappi Fine Paper North America she is a director Number of Grants Awarded Number of Grants Vested Value (R) 35 200 13 200 402 468.00 Director’s Name : C M Mowatt Company of which : Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 37 400 14 025 427 622.25 Director’s Name : G Pearce Company of which : Sappi Fine Paper Europe he is a director Number of Grants Awarded Number of Grants Vested Value (R) 38 500 14 438 440 214.62 Director’s Name : A Rossi Company of which : Sappi Fine Paper North America, Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 55 000 20 625 628 856.25 Director’s Name : L Swartz Company of which : Sappi Southern Africa, Sappi Fine Paper North America she is a director Number of Grants Awarded Number of Grants Vested Value (R) 44 000 16 500 503 085.00 Director’s Name : A Thiel Company of which : Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 55 000 20 625 628 856.25 Director’s Name : G M Van Aarde Company of which : Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 30 800 11 550 352 159.50 Director’s Name : A J W van der Merwe Company of which : Sappi Southern Africa he is a director Number of Grants Awarded Number of Grants Vested Value (R) 28 600 10 725 327 005.25 Director’s Name : B Wiersum Company of which : Sappi Fine Paper Europe he is a director Number of Grants Awarded Number of Grants Vested Value(R) 88 000 33 000 1 006 170.00 2. 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 directors of the Company and its major subsidiaries. The dealings were on-market transactions and clearances for the dealings were received in terms of Listings Requirement 3.66, as follows: Director’s Name : R J Boëttger Company : Sappi Limited Date of transaction : 19 December 2012 Nature of transaction : Sale of shares to defray taxation payable on 57 750 shares referred to under R J Boëttger in (1) above Number of Sharessold : 1) 7 164 2) 15 936 23 100 Selling price per share : 1) R30.56 2) R30.55 Total Value : R705 776.61 Class of security : Ordinary shares Extent of interest Direct beneficial Director’s Name : H A de Jongh Company : Sappi Limited Date of transaction : 19 December 2012 Nature of transaction : Sale of shares Number of Sharessold : 14 025 Selling price per share : R30.60 Total Value : R429 165.00 Class of security : Ordinary shares Extent of interest Direct beneficial Director’s Name : J M Miller Company : Sappi Limited Date of transaction : 19 December 2012 Nature of transaction : Sale of shares Number of Sharessold : 1) 1 332 2) 1 043 3) 10 656 4) 169 13 200 Selling price per share : 1) R30.56 2) R30.59 3) R30.58 4) R30.57 Total Value : R403 638.10 Class of security : Ordinary shares Extent of interest Direct beneficial Director’s Name : A Rossi Company : Sappi Fine Paper North America, Sappi Southern Africa Date of transaction : 20 December 2012 Nature of transaction : Sale of shares Number of Sharessold : 1) 8 509 2) 12 116 20 625 Selling price per share : 1) R30.59 2) R30.58 Total Value : R630 797.59 Class of security : Ordinary shares Extent of interest Direct beneficial Denis O’Connor Group Secretary Sappi Limited Denis.OConnor@Sappi.com Sponsor: UBS South Africa (Pty) Ltd Date: 20/12/2012 04:45:00 Produced by the JSE SENS Department. 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