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SAPPI LIMITED - GRANTING OF OPTIONS TO DIRECTORS OF LISTED COMPANY
Sappi Limited
(Registration number 1936/008963/06)(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
(`Sappi` or the `Company`)
In terms of paragraph 3.63 to 3.74 of the Listings Requirements of the JSESecurities Exchange, we hereby provide the following information regarding the
granting of options by Sappi to the undermentioned directors of the Company and
its major subsidiary companies:
Date of transaction : 13 December 2004Nature of transaction : Grants of Share Options in terms of
the Sappi Limited Share Incentive Scheme
Strike price : R78,00 per share option
Vesting dates forexercise of share options : 25% of the share options on 13 December 2005
25% of the share options on 13 December 2006
25% of the share options on 13 December 2007
25% of the share options on 13 December 2008 Any options not exercised by 13 December 2012
will lapse.
Class of security : Ordinary shares
Extent of interest : Direct beneficialThe necessary authority in terms of 3.66 was obtained.
DIRECTOR`S NAME COMPANY NUMBER
OF
OPTIONSK BURCHARDI Sappi International 8,000
J BONER Sappi Fine Paper Europe (Co 5,000
Secretary)
BM DICK Sappi Forest Products 13,000H GEBREITER Sappi Fine Paper Europe 14,500
RD HOPE Sappi Fine Paper North America 18,000
JL JOB Sappi Limited 20,000
JH LABUSCHAGNE Sappi Forest Products 13,000JC LESLIE Sappi Limited 60,000
A
VA LUBBE Sappi Fine Paper Europe, Sappi 14,000
R Fine Paper North America, Sappi Forest Products
SG MANCHESTER Sappi Fine Paper North America 12,000
(Co Secretary)
J MILLER Sappi Fine Paper North America 12,000DM MNCUBE Sappi Forest Products 13,000
H MOLLENHAUER Sappi Fine Paper North America 6,000
L NEWMAN Sappi International 5,000
DJ O`CONNOR Sappi Limited (Co Secretary) 4,000J PASSLER Sappi International 5,000
W PFARL Sappi Fine Paper Europe 30,000
A ROSSI Sappi Forest Products 14,000
M SPALLART Sappi Forest Products 13,000MR THOMPSON Sappi Papier Holding 18,000
R THUMMER Sappi Fine Paper Europe 14,500
AD TUBB Sappi Forest Products 13,000
M TURNER Sappi Fine Paper Europe, Sappi 12,000 Fine Paper North America
AJ VAN DER MERWE Sappi Forest Products 10,000
W
AP WAGENAAR Sappi Forest Products 30,000DG WILSON Sappi Limited 30,000
Johannesburg
15 December 2004Date: 17/12/2004 08:00:04 AM Produced by the JSE SENS Department
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