| Wed 31 Dec 2008, 12:50 | | SAP - Sappi - Acquisition by Sappi of M-Real corporation`s coated graphic paper |
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SAP
SAVVI
SAP - Sappi - Acquisition by Sappi of M-Real corporation`s coated graphic paper
business
Not for distribution in the United States, Japan, Australia or Canada
Sappi Limited
Incorporated in the Republic of South Africa
Registration Number: 1936/008963/06
ISIN Number: ZAE000006284
JSE Share Code: SAP
("Sappi" or "the Company")
This document is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration. There has been, and will be, no public offering of any securities
in the United States. This document is not for distribution in the United
States, Japan, Australia or Canada.
ANNOUNCEMENT REGARDING COMPLETION OF ACQUISITION BY SAPPI OF M-REAL
CORPORATION`S COATED GRAPHIC PAPER BUSINESS
Shareholders of Sappi are referred to the announcements released by Sappi on
SENS on 29 September 2008, 2 October 2008 and 10 October 2008, and the press
advertisements published on 1 October 2008, 3 October 2008 and 13 October 2008
regarding the proposed acquisition by Sappi of the coated graphic paper business
of M-real Corporation (the "Acquisition").
The Acquisition was subject to various conditions precedent referred to in the
announcements released on SENS on 29 September 2008 and 2 October 2008 and
published in the South African press on 1 October 2008 and 3 October 2008.
Sappi shareholders are advised that all the conditions precedent to the
Acquisition have been fulfilled and that the Acquisition completed on 31
December 2008.
Johannesburg
31 December 2008
Financial adviser to Sappi
Morgan Stanley & Co. Ltd.
Transaction sponsor
Morgan Stanley South Africa (Proprietary) Limited
Investment Bankers to Sappi
Citigroup Global Markets Limited
JP Morgan Securities Ltd
South African legal adviser to Sappi
Bowman Gilfillan
English legal adviser to Sappi
Linklaters LLP
US legal adviser to Sappi
Cravath, Swaine & Moore LLP
Reporting accountants and Due Diligence to Sappi
Deloitte & Touche
Financial adviser to M-real
Goldman Sachs International
South African legal adviser to M-real
Werksmans
English legal adviser to M-real
Slaughter and May
Sponsor to Sappi
UBS South Africa (Proprietary) Limited
Reporting accountants to M-real
PricewaterhouseCoopers
This document is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration. There has been, and will be, no public offering of any securities
in the United States. This document is not for distribution in the United
States, Japan, Australia or Canada.
Date: 31/12/2008 12:50:34 Produced by the JSE SENS Department.
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JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
