Dealings in securities by directors and company secretaries 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’) DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARIES 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. Clearance for the dealing was received in terms of Listings Requirement 3.66, as follows: Director’s name : S R Binnie Company : Sappi Ltd Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) to settle tax liability arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 42 500 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R3 506 199.00 Class of security : Ordinary shares Extent of interest : Direct beneficial Page 1 of 6 Director’s name : G R Bowles Company : Sappi Southern Africa Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) to settle tax liability arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 16 575 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R1 367 417.61 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : M Gardner Company (Subsidiary) : Sappi North America / Sappi Papier Holding Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 114 000 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R9 404 863.20 Class of security : Ordinary shares Extent of interest : Direct beneficial Page 2 of 6 Director’s name : N N Maelane Company (Subsidiary) : Sappi Southern Africa Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) to settle tax liability arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 11 050 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R911 611.74 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : S Manchester Company (Subsidiary) : Sappi North America (Company Secretary) Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 37 000 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R3 052 455.60 Class of security : Ordinary shares Extent of interest : Direct beneficial Page 3 of 6 Company Secretary’s name : W Morrow Company (Subsidiary) : Sappi Papier Holding Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 5 650 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R466 118.22 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : J Pässler Company (Subsidiary) : Sappi Papier Holding Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 24 000 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R1 979 971.20 Class of security : Ordinary shares Extent of interest : Direct beneficial Page 4 of 6 Director’s name : A Rossi Company (Subsidiary) : Sappi Southern Africa Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) to settle tax liability arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 36 337 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R2 997 758.89 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : T Stanger Company (Subsidiary) : Sappi Southern Africa Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 7 700 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R635 240.76 Class of security : Ordinary shares Extent of interest : Direct beneficial Page 5 of 6 Director’s name : A Tregoning Company (Subsidiary) : Sappi Limited (Company Secretary) Date of transaction : 7 December 2016 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued by Sappi Ltd on 7 December 2016 Number of shares sold : 12 000 shares Volume weighted average : R82.4988 (high R82.66; low R82.15) selling price per share Total value : R989 985.60 Class of security : Ordinary shares Extent of interest : Direct beneficial 9 December 2016 Sponsor: UBS South Africa (Pty) Ltd Date: 09/12/2016 10:38:00 Produced by the JSE SENS Department. 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