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Tue 15 Dec 2009, 11:40 SAP - Sappi Limited - Granting of conditional share awards to directors of
SAP
SAVVI                                                                           
SAP - Sappi Limited - Granting of conditional share awards to directors of      
listed company                                                                  
SAPPI LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1936/008963/06                                             
JSE share code: SAP                                                             
ISIN code:                                                                      
("SAPPI" or "the company")                                                      
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED COMPANY             
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we  
hereby provide the following information regarding the granting of conditional  
share awards by Sappi to the undermentioned directors of the Company and its    
major subsidiary companies:                                                     
Date of notification of transaction: 14 December 2009                           
Nature of transaction    :    Grants of Conditional Share Awards in terms       
of the Sappi Limited Performance Share Incentive   
                             Plan                                               
Strike price             :    Nil (no consideration)                            
Vesting dates for                                                               
Conditional share awards :    09 December 2013                                  
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
The necessary authority in terms of 3.66 was obtained.                          
DIRECTOR`S NAME                  COMPANY                NUMBER OF SHARES       
                                                            SUBJECT TO          
                                                            CONDITIONAL         
                                                              AWARDS            

RJ  BOETTGER          Sappi Limited                            195000           
HA  DE JONGH          Sappi Southern Africa                     53500           
M   GARDNER           Sappi Fine Paper North America           120000           
TS  HAWKES            Sappi Southern Africa                     38200           
RD  HOPE              Sappi Fine Paper North America           105000           
JH  LABUSCHAGNE       Sappi Southern Africa                    120000           
NN  MAELANE           Sappi Southern Africa                     43000           
S   MANCHESTER        Sappi Fine Paper North America            52500           
J   MILLER            Sappi Fine Paper North America            47750           
DM  MNCUBE            Sappi Southern Africa                     53500           
CM  MOWATT            Sappi Southern Africa                     47700           
A   ROSSI             Sappi Southern Africa                     80000           
G   PEARCE            Sappi Fine Paper Europe                   51300           
MR  THOMPSON          Sappi Limited                            120000           
AD  TUBB              Sappi Southern Africa                     55400           
GM  VAN AARDE         Sappi Southern Africa                     43000           
AJ  VAN DER MERWE     Sappi Southern Africa                     43000           
W                                                                               
B   WIERSUM           Sappi Fine Paper Europe                  120000           
Braamfontein                                                                    
15 December 2009                                                                
Sponsor to SAPPI: UBS South Africa (Pty) Ltd                                    
Date: 15/12/2009 11:40:01 Produced by the JSE SENS Department.                  
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