Sappi - Dealing in securities by directors of listed companies
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 OF LISTED COMPANIES
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
3.74, is as follows :
Director`s Name : Dinga Mncube
Company (Subsidiary) : Sappi Forest Products
Date of transaction : 9 March 2005
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 : 11 700
Dates rights granted
and prices : 1. 1 200 on 24 February 1997 : R34,90
2. 1 800 on 19 January 1998 : R19,90
3. 3 200 on 11 December 1998 : R22,10
4. 4 200 on 22 December 1999 : R53,85
5. 1 300 on 15 January 2001 : R49,00
Vesting period : Over 5 years
Selling price : R78,12
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Johannesburg
11 March 2005
Date: 11/03/2005 01:12:02 PM
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