Dealings 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’) 23 November 2015 DEALINGS 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 : T S Hawkes Company (Subsidiary) : Sappi Southern Africa Date of transaction : 20 November 2015 Nature of transaction : Sale of shares (on-market) arising from exercise of rights to shares in terms of the Sappi Limited Share Option Scheme Number of rights : 7 260 exercised/shares sold Dates rights granted and : 12 December 2007 : R52.57 – 7 260 rights price Vesting period : Over 4 years expiring after 8 years Selling price per share : R62.00 Total value : R450 120,00 A J Tregoning Group Secretary & Corporate Counsel Sappi Limited Tel +27 (0)11 407 8174; Fax +27 (0)11 339 1881 Amanda.tregoning@Sappi.com Sponsor : UBS South Africa (Pty) Ltd Date: 23/11/2015 12:00:00 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.