Results of the eighty-second Annual General Meeting of Sappi 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") RESULTS OF THE EIGHTY-SECOND ANNUAL GENERAL MEETING OF SAPPI Shareholders are advised that at the Annual General Meeting of shareholders of the Company held on Wednesday, 06 February 2019 at 14:00 all the resolutions tabled thereat were passed by the requisite majority of shareholders. Details of the results of voting at the Annual General Meeting are as follows : • total number of Sappi shares in issue as at the date of the Annual General Meeting : 577 164 049 (557 202 573 ordinary shares and 19 961 476 “A” ordinary shares). • total number of Sappi shares that could have been voted at the Annual General Meeting (excluding the treasury shares) : 562 612 339 • total number of Sappi shares that were present/represented at the Annual General Meeting : 418 432 562 being 74.80% of the total number of Sappi shares that could have been voted at the Annual General Meeting. Page 2 of 4 1. Ordinary resolution number 1 – Receipt and acceptance of 2018 Group Annual Financial Statements, including directors’ report, auditors’ report and Audit and Risk Committee report For Against Abstain Shares voted 414 429 954 8 959 3 993 649 414 438 913 100.00% 0.00% 0.71% 74.08% 1 0.69% 71.81% 2 2. Ordinary resolution number 2 – Approval and confirmation of appointment of Mrs ZN Malinga as a director of Sappi For Against Abstain Shares voted 418 139 255 9 577 283 730 418 148 832 100.00% 0.00% 0.05% 74.75% 1 0.05% 72.45% 2 3. Ordinary resolution number 3.1 – Re-election of Mr SR Binnie as a director of Sappi For Against Abstain Shares voted 417 542 228 605 637 284 697 418 147 865 99.86% 0.14% 0.05% 74.75% 1 0.05% 72.45% 2 4. Ordinary resolution number 3.2 – Re-election of Mr RJAM Renders as a director of Sappi For Against Abstain Shares voted 393 075 653 25 072 212 284 697 418 147 865 94.00% 6.00% 0.05% 74.75% 1 0.05% 72.45% 2 5. Ordinary resolution number 3.3 – Re-election of Mrs KR Osar as a director of Sappi For Against Abstain Shares voted 391 041 681 24 871 023 2 519 858 415 912 704 94.02% 5.98% 0.45% 74.35% 1 0.44% 72.06% 2 6. Ordinary resolution number 4.1 – Election of Mr NP Mageza as member and chairman of the Audit and Risk Committee For Against Abstain Shares voted 369 686 752 48 461 113 284 697 418 147 865 88.41% 11.59% 0.05% 74.75% 1 0.05% 72.45% 2 7. Ordinary resolution number 4.2 – Election of Mr MA Fallon as a member of Page 3 of 4 the Audit and Risk Committee For Against Abstain Shares voted 418 128 697 19 168 284 697 418 147 865 100.00% 0.00% 0.05% 74.75% 1 0.05% 72.45% 2 8. Ordinary resolution number 4.3 – Election of Mrs ZN Malinga as a member of the Audit and Risk Committee For Against Abstain Shares voted 418 139 297 9 568 283 697 418 148 865 100.00% 0.00% 0.05% 74.75% 1 0.05% 72.45% 2 9. Ordinary resolution number 4.4 – Election of Mrs KR Osar as a member of the Audit and Risk Committee For Against Abstain Shares voted 390 489 603 25 424 101 2 518 858 415 913 704 93.89% 6.11% 0.45% 74.35% 1 0.44% 72.06% 2 10. Ordinary resolution number 4.5 – Election of Mr RJAM Renders as a member of the Audit and Risk Committee For Against Abstain Shares voted 412 559 203 5 588 662 284 697 418 147 865 98.66% 1.34% 0.05% 74.75% 1 0.05% 72.45% 2 11. Ordinary resolution number 5 – Re-appointment of KPMG Inc. as auditors of Sappi for the year ending September 2019 and until the next Annual General Meeting of Sappi For Against Abstain Shares voted 404 335 470 11 578 376 2 518 716 415 913 846 97.22% 2.78% 0.45% 74.35% 1 0.44% 72.06% 2 12. Ordinary resolution number 6.1 – The placing of all ordinary shares required for the purpose of carrying out the terms of the Sappi Limited Performance Share Incentive Plan (“the Plan”) under the control of the directors to allot and issue in terms of the Plan For Against Abstain Shares voted 413 744 184 4 402 851 285 527 418 147 035 98.95% 1.05% 0.05% 74.75% 1 0.05% 72.45% 2 13. Ordinary resolution number 6.2 – The authority for any subsidiary of Sappi to sell and to transfer to the Sappi Limited Share Incentive Scheme and the Page 4 of 4 Sappi Limited Performance Share Incentive Plan (collectively “the Schemes”) such shares as may be required for the purposes of the Schemes For Against Abstain Shares voted 413 445 969 4 700 766 285 827 418 146 735 98.88% 1.12% 0.05% 74.75% 1 0.05% 72.45% 2 14. Ordinary resolution number 7 – Non-binding endorsement of Remuneration policy For Against Abstain Shares voted 401 173 338 16 971 270 287 954 418 144 608 95.94% 4.06% 0.05% 74.75% 1 0.05% 72.45% 2 15. Ordinary resolution number 8 – Non-binding endorsement of Remuneration Implementation report For Against Abstain Shares voted 388 806 540 27 338 144 287 878 416 144 684 93.43% 6.57% 0.05% 74.39% 1 0.05% 72.10% 2 16. Special resolution number 1 – Increase in non-executive directors’ fees For Against Abstain Shares voted 408 734 140 9 413 594 284 828 418 147 734 97.75% 2.25% 0.05% 74.75% 1 0.05 72.45% 2 17. Special resolution number 2 – Authority for loans or other financial assistance to related or inter-related companies or corporations For Against Abstain Shares voted 414 223 295 3 924 367 284 900 418 147 662 99.06% 0.94% 0.05% 74.75% 1 0.05% 72.45% 2 18. Ordinary resolution number 9 – Authority for directors to sign all documents and do all such things necessary to implement the above resolutions For Against Abstain Shares voted 418 137 896 9 833 284 833 418 147 729 100.00% 0.00% 0.05% 74.75% 1 0.05% 72.45% 2 1 Disclosed as a percentage of the voteable shares 2 Disclosed as a percentage of the total issued capital Sponsor : UBS South Africa (Pty) Ltd Johannesburg 07 February 2019 Date: 07/02/2019 10:03:00 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.