Annual integrated report 2020, “no change” statement, notice of annual general meeting and posting of circular 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") 17 December 2020 ANNUAL INTEGRATED REPORT 2020, “NO CHANGE” STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND POSTING OF CIRCULAR Shareholders are advised that the Annual Integrated Report for the year ended September 2020 will be dispatched to shareholders on 17 December 2020 and will also be available online on 17 December 2020 on the Sappi website (www.sappi.com/annual-reports). The audited Annual Financial Statements are not included in the Integrated Report but are available on the Sappi website (www.sappi.com/annual-reports). The audited Annual Financial Statements contain no material modifications to the reviewed preliminary results for the year ended September 2020 which were published on SENS on 05 November 2020. The Annual Financial Statements have been audited by Sappi’s auditors, KPMG. Their unqualified report is available for inspection at the Company's registered office. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the annual general meeting of shareholders of Sappi will be held entirely by electronic communication on Wednesday, 03 February 2021 at 14:00 (“Annual General Meeting”) to transact business as stated in the Notice of the Annual General Meeting forming part of the Annual Integrated Report. POSTING OF CIRCULAR Shareholders are referred to the announcement released on SENS on 18 November 2020, wherein shareholders were advised of the final terms of an offering of senior, unsecured, convertible registered bonds due in 2025 with an aggregate principal amount of ZAR 1,800,000,000 (the “Transaction”). Shareholders are advised that Sappi has, on Thursday, 17 December 2020, published a circular to its shareholders (the “Circular”) relating to the Transaction. Copies of the Circular are available on the company’s website at www.sappi.com. Page 2 of 2 Key actions - The record date on which shareholders must be recorded as such in the register maintained by the transfer secretaries for the purposes of determining which shareholders are entitled to receive this Notice of Annual General Meeting is Friday, 4 December 2020 (notice record date). - The Circular will be posted to shareholders on Thursday, 17 December 2020. - The last day to trade in order to be eligible to attend and vote electronically at the Annual General Meeting is Tuesday, 26 January 2021. - The record date to determine which shareholders are entitled to attend electronically and vote at the Annual General Meeting is Friday, 29 January 2021 Sponsor : UBS South Africa (Pty) Ltd Date: 17-12-2020 02:38:00 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.