Sappi - Dealing in securities by directors
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
(`Sappi` or the `Company`)
DEALING IN SECURITIES BY DIRECTORS
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities
Exchange South Africa, we hereby provide the following information regarding
dealing in securities of Sappi by a director of the Company. Clearance was
received in terms of section 3.66 of the JSE Listings Requirement:
Director`s Name : Eugene van As
Company : Sappi Limited
Date of transaction : 26 November 2004
Nature of transaction : Payment for shares in terms of obligations under
the Sappi Limited Share Incentive Scheme
Number of shares acquired: 1) 24 813
2) 40 000
3) 30 000
4) 100 000
5) 60 000
Dates rights granted : 1) 25 November 1995 : R56,75
and prices : 2) 24 February 1997 : R34,90
3) 18 January 1998 : R19,90
4) 27 May 1998 : R27,90
5) 11 December 1998 : R22,10
Class of security : Ordinary shares
Extent of interest : Direct beneficial - except for 1) : indirect
beneficial
Director`s Name : Eugene van As
Company : Sappi Limited
Date of transaction : 26 November 2004
Nature of transaction : Transfer of shares to fund in which Eugene van
As has indirect beneficial ownership with no
change in economic benefit.
Number of shares
transferred : 246 959
Price : n/a
Class of security : Ordinary shares
Extent of interest : Direct beneficial to indirect beneficial
(except for 24 813 shares which remain
indirect beneficial)
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