Last updated on April 24, 2014 at 12:23 EDT

Dealing in Securities by Directors of Listed Companies

October 7, 2011

JOHANNESBURG, Oct. 7, 2011 /PRNewswire/ — 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 (Share code: SAP; ISIN: ZAE000006284; NYSE code SPP) by directors of the Company. Clearance for the dealing was received in terms of Listings Requirement 3.66, as follows and the transaction was done off market:

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    Director's Name:                M R Thompson

    Company:                        Sappi Limited

    Date of transaction:            4 October 2011

                                     Purchase of 2014 secured notes over
    Nature of transaction:           the counter

    Number of notes purchased:                                     142 000

    Purchase price per note:                                       101.998%

    Total value of notes purchased: EUR 14 483 716

                                     Secured notes listed on Luxembourg
    Class of security:               Stock Exchange

    Extent of interest:             Direct beneficial

Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
(“Sappi” or the “Company”)


Source: PR Newswire