SAP
SAVVI
SAP - Sappi Limited - Dividend Exchange Rate
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP & ISIN: ZAE000006284)
("Sappi" or the "Company")
Dividend exchange rate
With reference to the dividend announcement of 9 November 2006, we set out below
the exchange rates to be applied for payment of the dividend:
US$1 - R7.0236 (ie dividend R2.1071 per share)
US$1 - GBP0.5134 (ie dividend of GBP0.1540 per share).
The relevant dates pertaining to the dividend are as follows:
Last day to trade to qualify for dividend - Thursday, 28 December 2006.
Record date - Friday, 5 January 2007.
Payment date - Monday, 8 January 2007.
There will not be any de-materialisation nor re-materialisation of Sappi share
certificates from Friday, 29 December 2006 to Friday, 5 January 2007, both days
inclusive.
Date on which shares commence trading ex-dividend - Friday, 29 December 2006.
Deadline for South African nominee companies to submit details of the number of
shares held on behalf of South African resident and non-resident beneficial
shareholders so that dividend payments in South African Rands and United States
Dollars respectively may be calculated - 12h00 (South African time), Friday 29
December 2006. Dividends payable from the Johannesburg transfer office will be
paid in South African Rands except that dividends paid to nominee shareholders
in respect of shares which they hold on behalf of non-residents of the Republic
of South Africa will be paid in United States Dollars. (Note that there is no
currency election).
Dividends payable from the London transfer office will be paid in British pounds
sterling or in the case of shareholders with registered addresses in the USA, in
United States Dollars.
Johannesburg
19 December 2006
Sappi Management Services (Pty) Limited
Secretaries: per D J O`Connor
48 Ameshoff Street
Braamfontein, Johannesburg, 2001
Date: 19/12/2006 12:29:03 Produced by the JSE SENS Department.
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