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Mon 29 Dec 2008, 16:52 SAP - Sappi Limited - Dealing in securities by directors of listed companies
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 Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding dealing in securities of     
Sappi by a director of one of the Company`s major subsidiary companies and      
Company Secretary. Clearance for the dealing was received in terms of Listings  
Requirement 3.66, as follows:                                                   
Director`s Name                                                                 
(Company Secretary)           :         A J W van Der Merwe                     
Company                       :         Sappi Southern Africa                   
Date of transaction           :         22 December 2008                        
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              :         1.  8,000                               
Exercised/shares sold         :         2.  9,200                               
Dates rights granted                    1.  15 January 2001 : R49.00 linked to :
and price                     :         2.  15 December 2008 arising from grant 
                                            of                                  
                                            15 January 2001 to take into        
                                            cognizance rights offer : R20.27    
Vesting period                :         Over 5 years expiring after 8 years     
Selling price                 :         R36,00                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name                                                                 
(Company Secretary)           :         J Miller                                
Company (Subsidiary)          :         Sappi Fine Paper North America          
Date of transaction           :         24 December 2008                        
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              :         1.  2,500                               
Exercised/shares sold         :         2.  3,000                               
Dates rights granted                    1.  15 January 2001 : R49.00 linked to: 
and price                     :         2.  15 December 2008 arising from grant 
                                            of                                  
15 January 2001 to take into        
                                            cognizance rights offer : R20.27    
Vesting period                :         Over 5 years expiring after 8 years     
Selling price                 :         R36,00                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name                                                                 
(Company Secretary)           :         C M Mowatt                              
Company (Subsidiary)          :         Sappi Southern Africa                   
Date of transaction           :         24 December 2008                        
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              :         1.  2,700                               
Exercised/shares sold         :         2.  3,240                               
Dates rights granted                    1.  15 January 2001 : R49.00 linked to :
and price                     :         2.  15 December 2008 arising from grant 
                                            of                                  
                                            15 January 2001 to take into        
                                            cognizance rights offer : R20.27    
Vesting period                :         Over 5 years expiring after 8 years     
Selling price                 :         R36,20                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name                                                                 
(Company Secretary)           :         D J O`Connor                            
Company                       :         Sappi Limited                           
Date of transaction           :         23 December 2008                        
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              :         1.  1,600                               
Exercised/shares sold         :         2.  1,920                               
Dates rights granted                    1.  15 January 2001 : R49.00 linked to: 
and price                     :         2.  15 December 2008 arising from grant 
                                            of                                  
15 January 2001 to take into        
                                            cognizance rights offer : R20.27    
Vesting period                :         Over 5 years expiring after 8 years     
Selling price                 :         R36,00                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name               :         M R Thompson                            
Company                       :         Sappi Limited                           
Date of transaction           :         24 December 2008                        
Nature of transaction:                  Payment for shares in terms of          
                                       obligations under the Sappi Limited      
                                       Share Incentive Scheme                   
Number of shares acquired     :         1.   3,000                              
                                       2.   3,600                               
Dates rights granted                    1.  15 January 2001 :R49,00 linked to   
and prices                    :                                                 
2.   15 December 2008 :arising from      
                                           grant of                             
                                           15 January 2001 to take cognizance   
                                           of rights offer : R20,27             
Vesting period                :         1.   Over 5 years, maximum 8 years      
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name                                                                 
(Company Secretary)           :         A D Tubb                                
Company (Subsidiary)          :         Sappi Southern Africa                   
Date of transaction           :         24 December 2008                        
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              :         1.  9,000                               
Exercised/shares sold         :         2.  10,800                              
Dates rights granted                    1.  15 January 2001 : R49.00 linked to :
and price                     :         2.  15 December 2008 arising from grant 
                                            of                                  
                                            15 January 2001 to take into        
cognizance rights offer : R20.27    
Vesting period                :         Over 5 years expiring after 8 years     
Selling price                 :         R35,68                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name               :         S G Manchester                          
Company (Subsidiary)          :         Sappi Fine Paper North America          
Date of transaction           :         24 December 2008                        
Nature of transaction         :         Sale of shares                          
Number of rights                                                                
exercised/shares sold         :         3,459                                   
Dates rights granted                                                            
and prices                    :         N/A                                     
Vesting period                :         N/A                                     
Selling price                 :         R36,01                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Director`s Name               :         J L Miller                              
Company (Subsidiary)          :         Sappi Fine Paper North America          
Date of transaction           :         24 December 2008                        
Nature of transaction         :         Sale of shares                          
Number of rights                                                                
exercised/shares sold         :         4,612                                   
Dates rights granted                                                            
and prices                    :         N/A                                     
Vesting period                :         N/A                                     
Selling price                 :         R36,01                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Company Secretary`s Name      :         Denis James O`Connor                    
Company                       :         Sappi Limited                           
Date of transaction           :         24 December 2008                        
Nature of transaction         :         Sale of shares                          
Number of rights                                                                
exercised/shares sold         :         1,000                                   
Dates rights granted                                                            
and prices                    :         N/A                                     
Vesting period                :         N/A                                     
Selling price                 :         R36,49                                  
Class of security             :         Ordinary shares                         
Extent of interest            :         Direct beneficial                       
Date: 29/12/2008 16:52:45 Produced by the JSE SENS Department.                  
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