Listing of new financial instrument - SSA07 SAPPI SOUTHERN AFRICA LIMITED Registration number 1951/003180/06 Incorporated in the Republic of South Africa JSE Alpha code: SSAI (“Sappi”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted approval for a new financial instrument listing to Sappi effective from 15 May 2020 under its Domestic Medium-Term Note Programme dated 23 November 2018 as follows: New Instrument SSA07 Authorised programme size R5,000,000,000 Total amount in issue after this issuance R300,000,000 Instrument type Floating rate note Bond Code SSA07 Nominal Issued R300,000,000 Issue Price 100% Coupon 7.033% (3 Month Jibar as at 15 May 2020 of 4.533% plus 250 bps) Trade Type Price Final Maturity Date 15 May 2023 Books Close Dates 5 August, 5 November, 5 February, 5 May Interest Payment Dates 15 August, 15 November, 15 February, 15 May Last Day to Register By 17:00 on 4 August, 4 November, 4 February, 4 May Issue Date 15 May 2020 Date Convention Modified Following Business Day Interest Commencement Date 15 May 2020 First Interest Payment Date 15 August 2020 ISIN ZAG000168063 Additional Information Senior, Unsecured The Applicable Pricing Supplement is available at: https://www.sappi.com/bond-and-insurance-captive-reporting-requirements# The note relating to the new financial instrument (“Note”) will be dematerialised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 13 May 2020 Debt Sponsor Nedbank Corporate and Investment Banking Date: 13-05-2020 11:22:00 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.