SAP
SAVVI
Sappi Limited - Dealing in securities by director
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 DIRECTOR
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, 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 (in this case:
Company Secretary"s) Name : Sarah Manchester (USA Resident)
Company (Subsidiary) : Sappi Fine Paper North America
Date of transaction : 22 February 2006
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 : 22 600
Dates rights granted
and prices : 1. 2 000 on 19 January 1998 : R19,90
2. 5 200 on 11 December 1998 : R22,10
3. 9 000 on 22 December 1999 : R53,85
4. 6 400 on 15 January 2001 : R49,00
Vesting period : Over 5 years
Selling price : R82,50
Class of security : Ordinary shares
Extent of interest : Direct beneficial
23 February 2006
Date: 23/02/2006 03:56:05 PM Produced by the JSE SENS Department
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