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") 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 dealings were on-market and clearance for the dealings were received in terms of Listings Requirement 3.66, as follows: Director’s name : G T Pearce Company (Subsidiary) : Sappi Southern Africa Date of transaction : 16 February 2017 Nature of transaction : Sale of shares (on market) to settle tax liability arising from vesting of conditional share awards as per SENS announcement previously issued by Sappi Limited Number of shares sold : 15 750 shares Volume-weighted average : R81.5651 (low R81.40; high R81.90) price per share Total value : R1 284 650.33 Class of security : Ordinary shares Extent of interest : Direct beneficial Director’s name : A Thiel Company (Subsidiary) : Sappi Southern Africa Date of transaction : 16 February 2017 Nature of transaction : Sale of shares (on market) to settle tax liability arising from vesting of conditional share awards as per SENS announcement previously issued by Sappi Limited Number of shares sold : 1) 10 309 shares 2) 9 960 shares 3) 3 459 shares Volume-weighted average : 1) R82.9376 (low R82.90; high R82.97) price per share 2) R82.9137 (low R82.90; high R82.92) 3) R82.9000 (low R82.90; high R82.90) Total value : 1) R855 003.72 2) R825 820.45 3) R286 751.10 Class of security : Ordinary shares Extent of interest : Direct beneficial 20 February 2017 Sponsor : UBS South Africa (Pty) Ltd Date: 20/02/2017 03:50:00 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.