Sappi - Directors Dealing In Securities
Release Date: 04/03/2004 17:26:21 Code(s): SAP
Sappi - Director"s dealing in securities
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
("Sappi" or the "Company")
Director"s dealing in securities
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities
Exchange, we hereby provide the following information regarding dealing in
securities of Sappi by a director of one of the Company"s major subsidiary
companies. The dealing which is in terms of the Sappi Limited Share Incentive
Scheme, and for which clearance was received in terms of Listings Requirement
3.66, is as follows :
Director"s Name : Jorg Passler
Company (Subsidiary) : Sappi International SA
Date of transaction : 3 March 2004
Nature of transaction : Sale of shares arising from exercise of rights to
shares in terms of the Sappi Limited Share
Incentive Scheme
Number of rights
exercised/shares sold : 1 800
Dates rights granted
and prices : 1 200 shares : R53,85 : 22 December 1999
600 shares : R49,00 : 15 January 2001
Vesting period : Over 5 years
Selling price : R95,00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Johannesburg
4 March 2004
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