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SAP
SAVVI
SAP - Sappi Limited - Dealing in securities by Directors
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP & ISIN: ZAE000006284)
("Sappi" or the "Company")
DEALING 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 a director of the Company and by directors of a major
subsidiary. The dealing which is in terms of the Sappi Limited Share
Incentive Scheme, and for which clearance was received in terms of Listings
Requirement 3.66, is as follows:
Director`s Name : W V Rau
Company : Sappi Papier Holding GmbH
Date of transaction : 22 May 2007
Nature of transaction : Sale of shares arising from exercise of rights
to shares in terms of the Sappi Limited Share
Incentive Scheme
Number of rights
exercised/shares sold : 8 100
Offer Date Offer Price Selling
Price
Date rights 1. 2 000 on 14 January 2004 R79,25 R131,00
granted
and prices
2. 3 300 on 13 December 2004 R78,00 R131,00
3. 800 on 14 January 2004 R79,25 R131,80
4. 1 200 on 13 December 2004 R78,00 R131,80
Vesting period : Over 4 years
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name : R Thummer
Company : Sappi Fine Paper Europe
Sappi Fine Paper North America
Sappi Forest Products
Date of transaction : 22 May 2007
Nature of transaction : Sale of shares arising from exercise of rights
to shares in terms of the Sappi Limited Share
Incentive Scheme
Number of rights
exercised/shares sold : 24 500
Offer Date Offer Price Selling
Price
Date rights 1. 9 600 on 13 February 2003 R112,83 R131,00
granted
2. 7700 on 30 December 2003 R79,25 R131,00
and prices 3. 2825 on 13 December 2004 R78,00 R131,00
4. 1495 on 13 December 2004 R78,00 R131,50
5. 590 on 13 December 2004 R78,00 R131,29
6. 1411 on 13 December 2004 R78,00 R131,10
7. 879 on 13 December 2004 R78,00 R131,26
Vesting period : 1&2. Over 5 years
3 to 7. Over 4 years
Class of security : Ordinary shares
Extent of interest : Direct beneficial
- end -
24 May 2007
Date: 24/05/2007 15:13:01 Produced by the JSE SENS Department.
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