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Tue 19 Dec 2006, 9:33 SAP - Sappi Limited - Dealing in securities by Dir
SAP
 SAVVI                                                                           
SAP - 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 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          :    M R Thompson                                      
Company                  :    Sappi Limited                                     
Date of transaction      :    14 December 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    :    15 000                                            
                       Offer Date                 Offer Price     Selling       
                                                                  Price         

                   1.  8924 on 22 December 1999   R53,85          R115,80       
                   2.  4179 on 22 December 1999   R53,85          R115,84       
                   3.  1897 on 22 December 1999   R53,85          R115,70       
Vesting period           :    Over 5 years                                      
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
19 December 2006                                                                
Date: 19/12/2006 09:33:14 Produced by the JSE SENS Department.
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