Results of the eighty-third 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-THIRD ANNUAL GENERAL MEETING OF SAPPI Shareholders are advised that at the Annual General Meeting of shareholders of the Company held on Wednesday, 05 February 2020 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 ordinary shares in issue as at the date of the Annual General Meeting : 548 053 463 - total number of Sappi shares that could have been voted at the Annual General Meeting (excluding the treasury shares) : 546 101 392 - total number of Sappi shares that were present/represented at the Annual General Meeting : 490 790 628 being 89.9% of the total number of Sappi shares that could have been voted at the Annual General Meeting. 1. Ordinary resolution number 1 – Receipt and acceptance of 2019 Group Annual Financial Statements, including directors’ report, auditors’ report and Audit and Risk Committee report For Against Abstain Shares voted 489 293 120 25 500 1 472 008 489 318 620 99.99% 0.01% 0.27% 90.20% 1 0.27% 89.28% 2 2. Ordinary resolution number 2.1 – Approval and confirmation of appointment of Mr BR Beamish as a director of Sappi For Against Abstain Shares voted 490 572 242 188 955 29 431 490 761 197 99.96% 0.04% 0.01% 90.46% 1 0.01% 89.55% 2 3. Ordinary resolution number 2.2 – Approval and confirmation of appointment of Mr JM Lopez as a director of Sappi For Against Abstain Shares voted 490 581 607 179 590 29 431 490 761 197 99.96% 0.04% 0.01% 90.46% 1 0.01% 89.55% 2 4. Ordinary resolution number 2.3 – Approval and confirmation of appointment of Ms JE Stipp as a director of Sappi For Against Abstain Shares voted 490 607 985 153 212 29 431 490 761 197 99.97% 0.03% 0.01% 90.46% 1 0.01% 89.55% 2 5. Ordinary resolution number 3.1 – Re-election of Mr MA Fallon as a director of Sappi For Against Abstain Shares voted 484 336 441 6 424 756 29 431 490 761 197 98.69% 1.31% 0.01% 90.46% 1 0.01% 89.55% 2 6. Ordinary resolution number 3.2 – Re-election of Mr NP Mageza as a director of Sappi For Against Abstain Shares voted 356 482 907 134 277 847 29 874 490 760 754 72.64% 27.36% 0.01% 90.46% 1 0.01% 89.55% 2 7. Ordinary resolution number 3.3 – Re-election of Dr B Mehlomakulu as a director of Sappi For Against Abstain Shares voted 394 590 749 92 300 309 3 899 570 486 891 058 81.04% 18.96% 0.72% 89.75% 1 0.71% 88.84% 2 8. Ordinary resolution number 3.4 – Re-election of Mr GT Pearce as a director of Sappi For Against Abstain Shares voted 490 676 282 82 415 31 931 490 758 697 99.98% 0.02% 0.01% 90.46% 1 0.01% 89.55% 2 9. 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 360 287 676 130 047 185 455 767 490 334 861 73.48% 26.52% 0.08% 90.38% 1 0.08% 89.47% 2 10. Ordinary resolution number 4.2 – Election of Mrs ZN Malinga on as a member of the Audit and Risk Committee For Against Abstain Shares voted 490 732 212 28 542 29 874 490 760 754 99.99% 0.01% 0.01% 90.46% 1 0.01% 89.55% 2 11. Ordinary resolution number 4.3 – Election of Dr B Mehlomakulu as a member of the Audit and Risk Committee For Against Abstain Shares voted 389 103 327 97 786 231 3 901 070 486 889 558 79.92% 20.08% 0.72% 89.75% 1 0.71% 88.84% 2 12. Ordinary resolution number 4.4 – Election of Mr RJAM Renders as a member of the Audit and Risk Committee For Against Abstain Shares voted 485 265 030 5 494 224 31 374 490 759 254 98.88% 1.12% 0.01% 90.46% 1 0.01% 89.55% 2 13. Ordinary resolution number 4.5 – Election of Ms JE Stipp as a member of the Audit and Risk Committee For Against Abstain Shares voted 490 607 542 152 577 30 509 490 760 119 99.97% 0.03% 0.01% 90.46% 1 0.01% 89.55% 2 14. Ordinary resolution number 5 – Re-appointment of KPMG Inc. as auditors of Sappi for the year ending September 2020 and until the next Annual General Meeting of Sappi For Against Abstain Shares voted 474 075 119 16 687 859 27 650 490 762 978 96.60% 3.40% 0.01% 90.46% 1 0.01% 89.55% 2 15. Ordinary resolution number 6 – Authority from shareholders for the maximum number of ordinary shares which may be utilised under the plan For Against Abstain Shares voted 489 202 532 1 551 853 36 243 490 754 385 99.68% 0.32% 0.01% 90.46% 1 0.01% 89.54% 2 16. Ordinary resolution number 7 – Authority from shareholders to place the ordinary shares required for the purposes of the plan under the control of the directors For Against Abstain Shares voted 489 194 967 1 559 439 36 222 490 754 406 99.68% 0.32% 0.01% 90.46% 1 0.01% 89.54% 2 17. Ordinary resolution number 8 – Non-binding endorsement of Remuneration policy For Against Abstain Shares voted 395 256 018 94 421 592 1 113 018 489 677 610 80.72% 19.28% 0.21% 90.26% 1 0.20% 89.35% 2 18. Ordinary resolution number 9 – Non-binding endorsement of Remuneration Implementation report For Against Abstain Shares voted 409 064 090 80 619 520 1 107 018 489 683 610 83.54% 16.46% 0.20% 90.26% 1 0.20% 89.35% 2 19. Special resolution number 1 – Increase in non-executive directors’ fees For Against Abstain Shares voted 481 269 422 9 208 653 312 553 490 478 075 98.12% 1.88% 0.06% 90.41% 1 0.06% 89.49% 2 20. Special resolution number 2 – Authority for loans or other financial assistance to related or inter-related companies or corporations For Against Abstain Shares voted 486 000 635 4 762 883 27 110 490 763 518 99.03% 0.97% 0.00% 90.46% 1 0.00% 89.55% 2 21. Ordinary resolution number 10 – Authority for directors to sign all documents and do all such things necessary to implement the above resolutions For Against Abstain Shares voted 490 715 399 36 002 39 227 490 751 401 99.99% 0.01% 0.01% 90.46% 1 0.01% 89.54% 2 1 Disclosed as a percentage of the voteable shares 2 Disclosed as a percentage of the total issued capital Johannesburg 6 February 2020 Sponsor : UBS South Africa (Pty) Ltd Date: 06-02-2020 10:56:00 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.