SAPPI LIMITED - Dealing in securities by directors of listed companies

Dealing in securities by directors of listed companies


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

28 August 2014

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 dealing was on-market and clearance for the dealing was
received in terms of Listings Requirement 3.66, as follows :


    Director’s name                : Gary Bowles

    Company (Subsidiary)           : Sappi Southern Africa

    Date of transaction            : 27 August 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               : 15 400
    exercised/shares sold

    Dates rights granted and       : 1) 22 December 2008 : R35.50 – 8 250 rights
    price                            2) 9 December 2012 : R33.85 – 7 150 rights

    Vesting period                 : Over 4 years expiring after 8 years

    Selling price per share        : 8 250 shares @ R43.7882 = R361 252.65
                                     7 150 shares @ R43.80 = R313 170.00

    Total value                    : R674 422.65

   Denis O’Connor
   Group Secretary
   Sappi Limited
   Tel +27 (0)11 407 8072; Fax +27 (0)11 339 1881
   Denis.OConnor@Sappi.com

   Sponsor : UBS South Africa (Pty) Ltd


                                          
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