SAPPI LIMITED - Sappi announces Glen Pearce to succeed Steve Binnie as Chief Financial Officer

Sappi announces Glen Pearce to succeed Steve Binnie as Chief Financial Officer

Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
NYSE code: SPP

Sappi announces Glen Pearce to succeed Steve Binnie as Chief Financial Officer

Sappi Limited is pleased to announce that Glen Pearce, currently the Chief Financial Officer
of Sappi Europe SA, will be appointed as Chief Financial Officer (CFO) and join the Sappi
Limited board as an Executive Director on 01 July 2014. As announced previously, Steve
Binnie, the current CFO, will succeed Ralph Boëttger as CEO on that date.

Glen Pearce (50) was appointed as CFO of Sappi Europe SA in 2008. He has been with
Sappi for 18 years. Prior to his current role, Glen occupied various senior management
positions within the Sappi group in South Africa and Europe. He is a Chartered Accountant
and holds a BComm degree from WITS University and a BComm (Hons) degree from
UNISA.

Commenting on the announcement, Sappi Chief Executive Officer, Ralph Boëttger, said: “I
am very pleased that our robust succession planning process has enabled us to appoint a
strong internal candidate. Glen’s in-depth knowledge of Sappi and his sterling track record
will serve the company well on its path towards strong growth and profitability.”

Additional information on Glen Pearce:

   •   He holds a BComm degree from WITS University in Johannesburg and a BComm
       (Hons) degree from the University of South Africa (UNISA).
   •   He is a chartered accountant, CA(SA)
   •   Completed his articles at Ernst & Young
   •   Started his career as group accountant and finance manager of Murray and Roberts
       (1992-1996)
   •   Joined Sappi Limited in 1997 as financial manager
   •   Joined Sappi Forest Products as financial manager in 1999
   •   Promoted to financial director of Sappi Fine Paper South Africa in 2001
   •   Moved to Brussels in 2004 to become accounting director for Sappi Fine Paper
       Europe
   •   Appointed as CFO and IT Officer of Sappi Europe SA in April 2008



For further information:

André F Oberholzer
Group Head Corporate Affairs
Sappi Limited (Reg No 1936/008963/06)
Tel +27 (0)11 407 8044
Mobile +27 (0)83 235 2973
Andre.Oberholzer@sappi.com

17 March 2014

Sponsor : UBS South Africa (Pty) Ltd




                                       
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