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SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTOR                               
Sappi Limited                                                                   
(Registration Number 1936/008963/06)                                            
Share Code:  SAVVI                                                              
ISIN      :  ZAE000006284                                                       
                                    
In term of paragraph 3.72 of the JSE Securities Exchange SA Listings            
requirements, the following should be noted:                                    
Director:                 Monte Roy Haymon                                      
Dates of transaction:     16 May 2003                                           
Nature of transaction:    Sale                                                  
Number of shares sold:    13 000                                                
Selling price:            R94,10 per share                                      
Class of Security:        Ordinary shares                                       
Extent of interest:       Direct beneficial                                     
Ends                                                                            
Date: 22/05/2003 04:21:47 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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