Vesting of conditional share awards granted 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 (“Sappi” or “the Company”) 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 : 9 December 2013 (date participants informed of vesting) Number of conditional : Various, see table below Share awards granted Date of Grants : 9 December 2009 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 he is a : Sappi Limited, Sappi Fine Paper Europe, Sappi Fine director Paper North America, Sappi Southern Africa Value Number of grants awarded Number of grants vested R 195 000 73 125 2 160 112.50 Director’s name : H Boner (Company Secretary) Company of which he is a : Sappi Fine Paper Europe secretary Value Number of grants awarded Number of grants vested R 51 300 19 238 568 290.52 Director’s name : H A de Jongh Company of which he is a : Sappi Southern Africa director Value Number of grants awarded Number of grants vested R 53 500 20 063 592 661.02 Director’s name : M Gardner Company of which he is a : Sappi Fine Paper North America director Value Number of grants awarded Number of grants vested R 120 000 45 000 1 329 300 Director’s name : N N Maelane Company of which he is a : Sappi Southern Africa director Value Number of grants awarded Number of grants vested R 43 000 16 125 476 332.50 Director’s name : T Hawkes Company of which he is a : Sappi Southern Africa director Value Number of grants awarded Number of grants vested R 38 200 14 325 423 160.50 Director’s name : S Manchester (Company Secretary) Company of which she is a : Sappi Fine Paper North America director Value Number of grants awarded Number of grants vested R 52 500 19 688 581 583.52 Director’s name : J M Miller Company of which she is a : Sappi Fine Paper North America director Value Number of grants awarded Number of grants vested R 47 750 17 906 528 943.24 Page 3 of 7 Director’s name : C M Mowatt Company of which he is a : Sappi Southern Africa director Value Number of grants awarded Number of grants vested R 47 700 17 888 528 411.52 Director’s name : G Pearce Company of which he is a : Sappi Fine Paper Europe director Value Number of grants awarded Number of grants vested R 51 300 19 238 568 290.52 Director’s name : M Quaedvlieg Company of which he is a : Sappi Fine Paper Europe director Value Number of grants awarded Number of grants vested R 51 300 19 238 568 290.52 Director’s name : A Rossi Company of which he is a : Sappi Fine Paper North America, Sappi Southern director Africa Value Number of grants awarded Number of grants vested R 80 000 30 000 886 200.00 Director’s name : L Swartz Company of which she is a : Sappi Fine Paper North America, Sappi Southern director Africa Value Number of grants awarded Number of grants vested R 65 000 24 375 720 037.50 Director’s name : A Thiel Company of which he is a : Sappi Southern Africa director Value Number of grants awarded Number of grants vested R 80 000 30 000 886 200.00 Director’s name : G M van Aarde Company of which he is a : Sappi Southern Africa director Value Number of grants awarded Number of grants vested R 43 000 16 125 476 332.50 Director’s name : B Wiersum Company of which he is a : Sappi Fine Paper Europe director Value Number of grants awarded Number of grants vested R 120 000 45 000 1 329 300.00 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, Sappi Fine Paper Europe, Sappi Fine Paper North America, Sappi Southern Africa Date of transaction : 9 December 2013 Nature of transaction : Sale of shares to defray taxation payable on 73 125 shares referred to under R J Boëttger in (1) above. Number of shares sold : 30 347 Selling price per share : R28.9716 Total value : R879 201.15 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : H A de Jongh Company : Sappi Southern Africa Date of transaction : 10 December 2013 Nature of transaction : Sale of shares Number of shares sold : 20 063 Selling price per share : R29.3004 Total value : R587 853.93 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : J M Miller Company : Sappi Fine Paper North America Date of transaction : 10 December 2013 Nature of transaction : Sale of shares Number of shares sold : 17 906 Selling price per share : R29.3898 Total value : R526 253.76 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : S Manchester Company : Sappi Fine Paper North America Date of transaction : 10 December 2013 Nature of transaction : Sale of shares Number of shares sold : 19 688 Selling price per share : R29.3269 Total value : R577 388.00 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 11 December 2013 Sponsor: UBS South Africa (Pty) Ltd Date: 11/12/2013 11:41:00 Produced by the JSE SENS Department. 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