SAPPI LIMITED - Dealings in securities by directors of listed companies

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             :    Mr A van C Thiel

 Company of which he is      :    Sappi Southern Africa Limited
 a director

 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

 Date of transaction         :    13 December 2019

 Number shares sold          :    39 262

 Volume-weighted             :    R47.0004 (low R47.00; high R47.01)
 average price per share

 Total Value                 :    R1 845 329.70

 Class of security           :    Ordinary shares

 Extent of interest          :    Direct beneficial



Sponsor : UBS South Africa (Pty) Ltd
17 December 2019

Date: 17-12-2019 02:15:00
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