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Mon 20 Aug 2007, 14:58 SAP - Sappi - Dealing in securities by a director
SAP
 SAVVI                                                                           
SAP - Sappi - Dealing in securities by a director of Sappi                      
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 A DIRECTOR OF SAPPI                                    
In terms of paragraph 3,63 of the Listings Requirements of JSE Limited, Sappi   
provides the following information regarding the awards of shares by Sappi to   
Chief Executive Officer Mr R J Boettger in terms of his letter of appointment.  
The dealings for which clearance was received in terms of Listings Requirement  
3,66, are as follows                                                            
 Director`s name               Roeloff Jacobus (Ralph) Boettger                 
 Date of transactions          16 August 2007                                   
 Nature of transaction No. 1   Grant of conditional share awards in             
terms of the Sappi Limited Performance           
                               Share Incentive Plan                             
 Number of Conditional Share   In respect of 100 000 shares                     
 Awards                                                                         
Share price                   No consideration                                 
 Vesting date if performance   16 August 2011                                   
 conditions met                                                                 
 Class of security             Ordinary shares                                  
Extent of interest            Direct beneficial                                
 Nature of transaction No. 2   35 000 shares to be purchased on Ralph           
                               Boettger`s behalf on the open market             
 Number of Shares              35 000                                           
Share price                   No consideration to Ralph Boettger               
 Vesting date                  31 December 2007                                 
 Class of security             Ordinary shares                                  
 Extent of interest            Direct beneficial                                
Johannesburg                                                                    
20 August 2007                                                                  
Date: 20/08/2007 14:58:01 Produced by the JSE SENS Department.                  
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