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 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 : J Pässler Company (Subsidiary) : Sappi International SA / Sappi Papier Holding GmbH Date of transaction : 18 September 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 : 15 700 exercised/shares sold Dates rights granted and : 1) 22 December 2008 : R35.50 – 7 700 rights price 2) 9 December 2009 : R33.85 – 8 000 rights Selling price per share : R46.0754 Total value : R723 383.78 Director’s name : P B McGrady Company (Subsidiary) : Sappi Southern Africa Ltd Date of transaction : 18 September 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 : 14 900 exercised/shares sold Dates rights granted and : 3) 22 December 2008 : R35.50 – 4 400 rights price 4) 9 December 2009 : R33.85 – 10 500 rights Selling price per share : R47.50 Total value : R707 750.00 Director’s name : G M van Aarde Company (Subsidiary) : Sappi Southern Africa Ltd Date of transaction : 18 September 2014 Nature of transaction : Sale of shares Number of shares sold : 10 740 Selling price per share : R47.00 Total value : R504 780 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 19 September 2014 Sponsor : UBS South Africa (Pty) Ltd Date: 19/09/2014 03:15:00 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.