Sappi sells Cape Kraft recycled packaging mill to Golden Era Group 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") Sappi sells Cape Kraft recycled packaging mill to Golden Era Group Following on Sappi’s recent announcement of the sale of its Enstra Mill and recycled packaging business, Sappi wishes to announce the sale of its Cape Kraft recycled packaging paper Mill to the Golden Era Group. In March 2015 Sappi initiated a closed tender process after receiving many expressions of interest to buy the mill. It is expected that the transaction will close in September 2015. The disposal is not categorisable in terms of section 9.5 of the JSE Listings Requirements. Sappi will receive just short of R600 million from the two transactions. Commenting on the transaction, Sappi Southern Africa CEO Alex Thiel said: “The sale of the Cape Kraft and Enstra mills and the recycled packaging paper business is in line with Sappi Southern Africa’s strategy to unlock value from non-core assets and free up resources for investment in dissolving wood pulp, virgin containerboard and other new business opportunities. The sales also support the Sappi Limited strategy to strengthen the group’s balance sheet and focus on high-growth opportunities.” Golden Era Group CEO Kishor Chhita remarked: “We are very pleased to be able to acquire this top quality asset from Sappi. It will strengthen our position in the market as a service- oriented company that offers packaging solutions and will further help us to achieve our goal of creating lasting team-based partnerships with our customers.” ENDS Johannesburg, 14 July 2015 Sponsor: UBS South Africa (Pty) Ltd NOTE TO EDITORS: Golden Era Group, started in 1955, is today the third largest printing and packaging company in South Africa. The Group has a national footprint company specializing in the manufacturing of kraft paper, corrugated cases, folding cartons, notestiks, paperbags, self- adhesive and IML labels, shrink sleeves, three piece metal cans, vacuum-formed and thermos-formed packaging. Sappi Limited (JSE: SAP), is a global company focused on dissolving wood pulp, paper pulp and paper-based solutions to our direct and indirect customer base in some 161 countries around the world. Headquartered in Johannesburg, South Africa, with over 13,000 employees and manufacturing operations on three continents in seven countries and group sales of US$6 billion. Learn more about Sappi at www.sappi.com. For further information Issued by André F Oberholzer Brunswick Group Head Corporate Affairs on behalf of Sappi Limited Sappi Limited Tel + 27 (0) 11 502 7300 Tel +27 (0)11 407 8044 Mobile +27 (0)83 235 2973 Andre.oberholzer@sappi.com Elijah Masondo Corporate Communications Manager Sappi SA Tel + 27 (0)11 407 8478 Mobile + 27 (0)83 661 7012 Elijah.Masondo@sappi.com Date: 14/07/2015 10:10:00 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.