SAPPI LIMITED - Dealings in securities by directors of listed companies

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’)

22 February 2016


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                  : G Pearce

 Company (Subsidiary)             : Sappi Southern Africa

 Date of transaction              : 19 February 2016

 Nature of transaction            : Sale of shares (on-market) in order to settle a tax
                                    liability arising from the vesting of conditional share
                                    awards in terms of the Sappi Limited Performance
                                    Share Plan

 Number of rights                 : 11 100 shares
 exercised/shares sold

 Average selling price per        : R63.7805 (high R63.87; low R63.71)
 share

 Total value                      : R707 963.55

 Class of security                : Ordinary shares

 Extent of interest               : Direct beneficial


   Sponsor: UBS South Africa (Pty) Ltd

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