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Tue 28 Nov 2006, 17:00 Sappi - Dealing in Securities by Directors
SAP
 SAVVI                                                                           
Sappi - 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 OF LISTED COMPANIES                          
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 the Company and by directors of a major subsidiary.  The 
dealing which is in terms of the Sappi Limited Share Incentive Scheme, and for  
which clearance was received in terms of Listings Requirement 3.66, is as       
follows:                                                                        
Director"s Name          :    D Mncube                                          
Company                  :    Sappi Forest Products                             
Date of transaction      :    27 November 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    :    7 700                                             
                          Offer Date                 Offer     Selling          
                                                     Price     Price            
Date rights granted   1.  500 on 15 January 2001     R49,00    R115,50          
and prices            2.  4000 on 30 December 2003   R79,25    R115,50          
                      3.  3200 on 13 December 2004   R78,00    R115,50          
Vesting period           :    Over 5 years                                      
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
28 November 2006                                                                
Date: 28/11/2006 05:00:50 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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