SAPPI LIMITED - Dealing in securities by Directors and Company Secretary

Dealing in securities by Directors and Company Secretary

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 AND COMPANY SECRETARY


GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
COMPANY AND COMPANY SECRETARY

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby
provide the following information regarding the granting of conditional share awards by Sappi
to the undermentioned directors of the Company and its major subsidiary companies. The
necessary authority in terms of paragraph 3.66 was obtained and these were off-market
transactions:
   Date of notification of transaction :     7 December 2015
   (to participant)
   Nature of transaction                 :   Annual grants of conditional share awards in
                                             terms of the Sappi Limited Performance
                                             Share Incentive Plan

   Strike price                          :   Nil (no consideration)
   Vesting dates for conditional share :     7 December 2019
   awards
   Class of security                     :   Ordinary shares
   Extent of interest                    :   Direct beneficial

                                                                                                      NUMBER OF    NOTIONAL
                                                                                                         SHARES
             NAME                                           COMPANY                                    SUBJECT TO     VALUE *
                                                                                                       CONDITIONAL
                                                                                                         AWARDS          (R)
    SR    BINNIE                    Sappi Limited                                                         190 000    11 363 900.00
    SJ    BLYTH                     Sappi Papier Holding                                                   33 000     1 973 730.00
    GR    BOWLES                    Sappi Southern Africa                                                  90 000     5 382 900.00
    M     GARDNER                   Sappi North America / Sappi Papier Holding                            105 000     6 280 050.00
    M     HAWS                      Sappi North America                                                    30 000     1 794 300.00
    TS    HAWKES                    Sappi Southern Africa                                                  25 000     1 495 250.00
    NN    MAELANE                   Sappi Southern Africa                                                  30 000     1 794 300.00
    S     MANCHESTER                Sappi North America (Company Secretary)                                31 000     1 854 110.00
    F     MARUPEN                   Sappi Southern Africa / Sappi North America                            70 000     4 186 700.00
    PB    McGRADY                   Sappi Southern Africa                                                  35 000     2 093 350.00
    W     MORROW                    Sappi Papier Holding                                                   12 500       747 625.00
    CM    MOWATT                    Sappi Southern Africa                                                  25 000     1 495 250.00
    J     PÄSSLER                   Sappi Papier Holding                                                   33 000     1 973 730.00
    GT    PEARCE                    Sappi Limited                                                          90 000     5 382 900.00
    TK    STANGER                   Sappi Southern Africa                                                  45 000     2 691 450.00
    AvC   THIEL                     Sappi Southern Africa                                                 105 000     6 280 050.00
    AJ    TREGONING                 Sappi Limited (Company Secretary)                                      29 000     1 734 490.00
    GM    VAN AARDE                 Sappi Southern Africa                                                  25 000     1 495 250.00
    M     VAN HOVEN                 Sappi Southern Africa / Sappi North America                            85 000     5 083 850.00
    BJ    WIERSUM                   Sappi Papier Holding                                                  105 000     6 280 050.00
     *    Based on an implied price of R59.81 per share (closing price on 7 December 2015)



8 December 2015
Sponsor: UBS South Africa (Pty) Ltd




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