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Wed 27 Dec 2006, 14:52 SAP - Sappi - Dealing in securities by a Director
SAP
 SAVVI                                                                           
SAP - Sappi - Dealing in securities by a Director of listed companies           
Sappi Limited                                                                   
(Registration number 1936/008963/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: SAP          ISIN: ZAE000006284)                                    
("Sappi" of the Company")                                                       
DEALING IN SECURITIES BY A DIRECTOR OF LISTED COMPANIES                         
In terms of paragraph 3.66 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 the Company`s major      
subsidiary companies.                                                           
1.   Director`s Name     :    Eugene van As                                     
Company                  :    Sappi Limited                                     
Date of transaction      :    21 December 2006                                  
Nature of transaction    :    Sale of shares                                    
Number of shares         :    86 500                                            
Selling price            :    R118,03                                           
Class of security        :    Ordinary shares                                   
Extent of interest       :    Indirect beneficial                               
2.   Director`s Name     :    Hugh Martin                                       
Company                  :    Sappi Papier Holding GmbH                         
Date of transaction      :    21 December 2006                                  
Nature of transaction    :    Sale of shares                                    
Number of shares         :    25 174                                            
Selling price            :    R117,92                                           
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
3.   Director`s Name     :    H Gebreiter                                       
Company                  :    Sappi Fine Paper Europe                           
Date of transaction      :    21 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    :    12 300                                            
Offer Date             Offer       Selling              
                                               Price       Price                
                                                                                
  Date rights      1.   5 100 on 30 December   R79,25      R117,42              
granted               2003                                                    
  and prices       2.   7 200 on 13 December   R78,00      R117,42              
                        2004                                                    
                                                                                
Vesting period           :  1.  Over 5 years                                    
                        :  2.  Over 4 years                                     
Class of security        :     Ordinary shares                                  
Extent of interest       :     Direct beneficial                                
Clearance to deal in                                                            
terms of Listings                                                               
Requirement 3.66         :  Yes                                                 
Johannesburg                                                                    
27 December 2006                                                                
Sponsor:  UBS Warburg                                                           
Date: 27/12/2006 14:52:22 Produced by the JSE SENS Department.
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