SAPPI LIMITED - Dealings in securities by an associate of a director of a listed company

Dealings in securities by an associate of a director of a listed company

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 AN ASSOCIATE OF A DIRECTOR OF A LISTED
COMPANY

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 an associate
of a director of the Company. The dealing was on-market and clearance for the dealing
was received in terms of Listings Requirement 3.66, as follows :


Director’s name                        :   Mr Jock McKenzie

Company                                :   Sappi Limited

Name of associate                      :   Two Oceans Trust

Relationship with director             :   Mr Jock McKenzie is a beneficiary
                                           of the Two Oceans Trust

Date of transaction                    :   04 December 2019

Nature of transaction                  :   On-market purchase of shares

Number of shares purchased             :   6 500

Highest price per share                :   R39.17
purchased

Lowest price per share                 :   R38.89
purchased

Volume-weighted average price          :   R39.13
of shares purchased

Total value                            :   R254 330.00

Class of security                      :   Ordinary shares

Extent of interest                     :   Indirect beneficial


Johannesburg
06 December 2019



Sponsor : UBS South Africa (Pty) Ltd

Date: 06-12-2019 04:55:00
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