Dealing in securities by directors of listed companies Sappi Limited Reg No 1936/008963/06 (Incorporated in the Republic of South Africa) JSE Code SAP ISIN code ZAE000006284 (“Sappi” or “the Company”) 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 : G T Pearce Company : Sappi Limited Date of transaction : 15 December 2014 Nature of transaction : Purchase of shares using 30% of after tax proceeds of 2014 annual bonus Number of shares : 3 681 purchased Average purchase : R38.73 (high R39.44; low R38.35) price per share Total value : R142 565.13 Class of security : Ordinary shares Extent of interest : Direct beneficial Page 1 of 2 Director’s name : M van Hoven Company : Sappi Southern Africa / Sappi North America Date of transaction : 17 December 2014 Nature of transaction : Purchase of shares using 30% of after tax proceeds of 2014 annual bonus Number of shares : 5 689 purchased Average purchase : R38.50 (high R39.83; low R37.66) price per share Total value : R219 026.50 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : B J Wiersum Company : Sappi Europe Date of transaction : 17 December 2014 Nature of transaction : Purchase of shares using 30% of after tax proceeds of 2014 annual bonus Number of shares : 20 983 purchased Average purchase : R39.3541 (high R39.83; low R37.66) price per share Total value : R825 767.08 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 Sponsor: UBS South Africa (Pty) Ltd Date: 18/12/2014 04:10:00 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.