Granting of conditional share awards to directors of listed company Sappi Limited (Registration number 1936/008963/06) (Incorporated in the Republic of South Africa) Share code: SAP ISIN: ZAE000006284) (“Sappi” or the “Company”) 1) 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 a director of one of the Company’s major subsidiary companies. The necessary authority in terms of paragraph 3.66 was obtained and this was an off-market transaction : Director’s name : A van C Thiel Company (Subsidiary) : Sappi Southern Africa Limited Nature of transaction : Grant of Conditional Share Awards in terms of the Sappi Limited Performance Share Incentive Plan Date of grant : 10 February 2014 Number of Conditional : 200 000 Share Awards granted Total notional value : R6 700 000.00 Strike price : Nil (no consideration) Vesting date for : 10 February 2018 Conditional Share Awards Class of security : Ordinary shares Extent of interest : Direct beneficial 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 : Lucia Swartz Company (Subsidiary) : Sappi Southern Africa Date of transaction : 11 February 2014 Nature of transaction : Sale of shares Number of shares sold : 8 500 Selling price per share : R33.51 Total value : R284 835.00 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : Leo di Amato Company (Subsidiary) : Sappi International SA Date of transaction : 11 February 2014 Nature of transaction : Sale of shares arising from exercise of rights to shares in terms of the Sappi Limited Share Incentive Scheme Number of rights : 4 000 exercised/shares sold Dates rights granted and : 2 December 2011 : R22.90 price Vesting period : Over 4 years expiring after 8 years Selling price per share : R33.55 Total value : R134 200.00 Denis O’Connor Group Secretary Sappi Limited Tel +27 (0)11 407 8072; Fax +27 (0)11 339 1881 Denis.OConnor@Sappi.com 12 February 2014 Sponsor : UBS South Africa (Pty) Ltd Date: 12/02/2014 11:55:00 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.