Dealings In Securities By Director And Company Secretary Sappi Limited (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 (‘Sappi Limited’ or ‘the Company’) 2 January 2018 DEALINGS IN SECURITIES BY DIRECTOR AND COMPANY SECRETARY In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby provide the following information regarding dealings in securities by a director and company secretary of major subsidiaries of Sappi Limited. Clearance for the dealing was received in terms of Listings Requirement 3.66, as follows: Director’s name : M Gardner Company (Subsidiary) : S.D. Warren Company & Sappi Papier Holding GmbH Date of transaction : 28 December 2017 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued previously by Sappi Ltd Total number of shares sold : 70 000 shares Average selling price obtained : R88.9554 (high R89.00; low R88.81) per share Total value : R6 226 878.00 Class of security : Ordinary shares Extent of interest : Direct beneficial Company Secretary’s name : S Manchester Company (Subsidiary) : S.D. Warren Company Date of transaction : 28 December 2017 Nature of transaction : Sale of shares (on market) arising from vesting of conditional share awards as per SENS announcement issued previously by Sappi Ltd Number of shares sold : 32 000 shares Selling price obtained per share : R89.8025 (high R92.00; low R89.00)] Total value : R2 873 680.00 Class of security : Ordinary shares Extent of interest : Direct beneficial Sponsor: UBS South Africa (Pty) Ltd Date: 02/01/2018 12:45:00 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.