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Mon 19 Dec 2005, 10:28 Sappi Limited - Granting of conditional share awar
Sappi Limited - Granting of conditional share awards to directors               
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP & ISIN: ZAE000006284                                            
("Sappi" or the "Company")                                                      
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED COMPANY             
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, 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 2005                                  
Nature of transaction:        Grants of conditional share awards in terms of the
                              Sappi Limited Performance Share Incentive Plan    
Strike price             :    n/a                                               
Vesting dates for                                                               
Conditional share awards :    13 December 2009                                  
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
The necessary authority in terms of 3.66 was obtained.                          
  DIRECTOR"S NAME        COMPANY                           NUMBER OF            
                                                           CONDITIONAL          
                                                           SHARE AWARDS         
K    BURCHARDI         Sappi International               8 000                
  J    BONER             Sappi Fine Paper Europe           4 000                
                         (Co Secretary)                                         
  BM   DICK              Sappi Forest Products             15 000               
H    GEBREITER         Sappi Fine Paper Europe           14 000               
  RD   HOPE              Sappi Fine Paper North America    35 000               
  JH   LABUSCHAGNE       Sappi Forest Products             15 000               
  JCA  LESLIE            Sappi Limited                     100 000              
VAR  LUBBE             Sappi Fine Paper Europe, Sappi    15 000               
                         Fine Paper North America, Sappi                        
                         Forest Products                                        
  H    MARTIN            Sappi Papier Holding              15 000               
DM   MNCUBE            Sappi Forest Products             15 000               
  L    NEWMAN            Sappi International               6 000                
  DJ   O"CONNOR          Sappi Limited (Co Secretary)      2 000                
  J    PASSLER           Sappi International               5 000                
W    PFARL             Sappi Fine Paper Europe           42 000               
  A    ROSSI             Sappi Forest Products             15 000               
  M    SPALLART          Sappi Forest Products             15 000               
  MR   THOMPSON          Sappi Papier Holding              24 000               
R    THUMMER           Sappi Fine Paper Europe           14 000               
  AD   TUBB              Sappi Forest Products             15 000               
  M    TURNER            Sappi Fine Paper Europe, Sappi    17 000               
                         Fine Paper North America                               
AJW  VAN DER MERWE     Sappi Forest Products             15 000               
  AP   WAGENAAR          Sappi Forest Products             42 000               
  DG   WILSON            Sappi Limited                     42 000               
  H    ZONDAG            SAPPI FINE PAPER EUROPE, SAPPI    15 000               
FINE PAPER NORTH AMERICA                               
19 December 2005                                                                
Date: 19/12/2005 10:28:28 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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