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SAP : Dealing in securities by directors and company secretaries:
Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284
("Sappi" or "the Company")
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARIES
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
COMPANY AND COMPANY SECRETARY
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
("Requirements"), 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 and company secretary. The necessary authority in terms of
paragraph 3.66 of the Requirements was obtained and these were off-market transactions:
Date of notification of transaction to : 19 November 2019
participant
Nature of transaction : Annual 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 : 19 November 2023
awards
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 2 of 2
A
NUMBER OF NOTIONAL
SHARES
NAME COMPANY SUBJECT TO VALUE *
CONDITIONAL
AWARDS (R)
S R Binnie Sappi Limited 156 000 5 909 280.00
S Blyth Sappi Europe SA 25 000 947 000.00
G R Bowles Sappi North America, Inc 71 000 2 689 480.00
M G Haws Sappi North America / Sappi Papier Holding 86 000 3 257 680.00
B Kohldorfer Sappi Papier Holding 8 500 321 980.00
A Mahendranath Sappi Limited (Company Secretary) 10 000 378 800.00
S Manchester Sappi North America, Inc (Company Secretary) 25 000 947 000.00
M I Mansoor Sappi North America, Inc 50 000 1 894 000.00
F C S Marupen Sappi North America, Inc 58 000 2 197 040.00
P Moodley Sappi Southern Africa 25 000 947 000.00
J Passler Sappi Papier Holding 25 000 947 000.00
G T Pearce Sappi Limited 71 000 2 689 480.00
B Riegler Sappi Papier Holding 8 500 321 980.00
A v C Thiel Sappi Southern Africa 86 000 3 257 680.00
M Van Hoven Sappi North America, Inc 67 000 2 537 960.00
B J Wiersum Sappi Papier Holding/Sappi Europe SA 86 000 3 257 680.00
S Wurdinger Sappi Europe SA 25 000 947 000.00
Based on an implied price of R37.88 per share (closing price on 18 November
* 2019)
22 November 2019
Johannesburg
Sponsor: UBS South Africa (Pty) Ltd
Date: 22/11/2019 04:30:00
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