SAPPI LIMITED
Johannesburg, 19 April 2001
Sappi international shareholding increases to 60%
Sappi Limited said today that foreign shareholding in Sappi has now surpassed
the 60% mark following strong buying from American and other international
institutions in recent weeks.
An estimated 37% of the shares are now held by US shareholders and 23% by
European and other foreign shareholders.
"We are very pleased with this development as it indicates strong confidence in
our group from investors. There has been a lot of international buying over the
last few months and our shares are now widely held, with no institution holding
more than 8%," said Sappi Chairman Eugene van As.
ENDS
Issued by : Brunswick SA
on behalf of Sappi Limited
Tel +27(0)11 442 8803
For further information:
Johan van Wyk
Sappi Johannesburg
Corporate Affairs Manager
Tel +27(0)11 407 8044
Cell +27(0)83 675 3942
johanvw@za.sappi.com
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