Change to the board of directors
Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi”)
CHANGE TO THE BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the
board of directors of Sappi Limited (‘the board’) would like to advise shareholders of the
following changes to the board:
Sir Nigel Rudd, chairman of the board has indicated that he will not seek re-election at the
annual general meeting in February 2024 when his current term as chairman ends. In line
with governance best practice, the board has established a committee led by Mr Valli Moosa,
the Lead Independent Director, who will be responsible for making a recommendation to the
board for a successor.
Mr Peter Mageza, a longstanding member of the board and chairman of the Audit and Risk
Committee has indicated that he would like to retire. The board and Mr Mageza have agreed
that he should continue in his role until his retirement in February 2024 to ensure a smooth
transition to his successor.
A further announcement will be released on SENS confirming the effective date of the above
changes.
25 November 2022
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25-11-2022 03:02:00
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