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Tue 28 Dec 2004, 14:28 SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS
SAPPI LIMITED - 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 to 3 74 of the Listing Requirements of the JSE       
Securities Exchange South Africa, we hereby provide the following information   
regarding dealing in securities of Sappi by a director of a major subsidiary of 
the Company. Clearance was received in terms of Listings Requirement 3.66.      
Director`s Name               :    Laurence John Newman                         
Company                       :    Sappi International SA                       
Date of transaction           :    28 December 2004                             
Nature of transaction         :    Payment for shares in terms of obligations   
under the Sappi Limited Share Incentive      
                                   Scheme                                       
Number of shares acquired     :    1 000                                        
Dates rights granted          :                                                 
and prices                    :    30 December 2003 : R79,25                    
Class of security             :    Ordinary shares                              
Extent of interest            :    Direct beneficial                            
28 December 2004                                                                
Sponsor:  UBS Warburg                                                           
Date: 28/12/2004 02:16:24 PM        
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