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Thu 13 Dec 2007, 11:45 SAP - Sappi Limited - Dealing In Securities By Directors Of Listed
SAP
 SAVVI                                                                           
SAP - Sappi Limited - Dealing In Securities By Directors Of Listed              
                        Companies                                               
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 Listing Requirements of the JSE               
Limited, we hereby provide the following information regarding dealing          
in securities of Sappi by directors of the Company and by directors of          
the Company`s major subsidiary companies. 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          :    A J W van der Merwe                               
Company (Subsidiary)     :    Sappi Forest Products                             
Date of transaction      :    12 December 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:                                         
1. 613                                                                          
2. 4 981                                                                        
3. 6 387                                                                        
4. 138                                                                          
5. 2 881                                                                        
Dates rights granted and prices:                                                
1. 22 December 1999: R53,85                                                     
2. 22 December 1999: R53,85                                                     
3. 22 December 1999: R53,85                                                     
4. 22 December 1999: R53,85                                                     
5. 22 December 1999: R53,85                                                     
Vesting period           :    Over 5 years                                      
Selling price  :                                                                
1. R97,00                                                                       
2. R97,85                                                                       
3. R98,00                                                                       
4. R98,25                                                                       
5. R98,37                                                                       
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
13 December 2007                                                                
Sponsor:  UBS Warburg                                                           
Date: 13/12/2007 11:45:01 Produced by the JSE SENS Department.                  
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