| Fri 14 Nov 2008, 10:56 | | SAP - Sappi Limited - Dividend exchange rate |
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SAP
SAVVI
SAP - Sappi Limited - Dividend exchange rate
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
("Sappi" or the "Company")
Dividend exchange rate
With reference to the dividend announcement of 6 November 2008, we set out below
the exchange rates to be applied for payment of the dividend :
- US$1 - R10.19213 (i.e. dividend of R1.6307 per share)
- GBP1 - US$1.48935 (i.e. dividend of GBP0.1074 per share).
The relevant dates pertaining to the dividend are as follows :
- Last day to trade to qualify for dividend - Friday, 21 November 2008.
- Record date - Friday, 28 November 2008.
- Payment date - Tuesday, 2 December 2008.
There will not be any de-materialisation nor re-materialisation of Sappi share
certificates from Friday, 21 November 2008 to Friday, 28 November 2008, both
days inclusive.
Date on which shares commence trading ex-dividend - Monday, 24 November 2008.
Deadline for South African nominee companies to submit details of the number of
shares held on behalf of South African resident and non-resident beneficial
shareholders so that dividend payments in South African Rands and United States
Dollars respectively may be calculated - 16h00 (South African time), Thursday 27
November 2008. Dividends payable from the Johannesburg transfer office will be
paid in South African Rands except that dividends paid to nominee shareholders
in respect of shares which they hold on behalf of non-residents of the Republic
of South Africa will be paid in United States Dollars. (Note that there is no
currency election).
Dividends payable from the London transfer office will be paid in British pounds
sterling or in the case of shareholders with registered addresses in the USA, in
United States Dollars.
Johannesburg
14 November 2008
Sappi Management Services (Pty) Limited
Secretaries : per D J O`Connor
48 Ameshoff Street
Braamfontein, Johannesburg, 2001
Sponsor: UBS South Africa (Pty) Ltd
Date: 14/11/2008 10:56:01 Produced by the JSE SENS Department.
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