SAPPI LIMITED - Disclosure of significant holding in Sappi shares

Disclosure of significant holding in Sappi shares

Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "Company")

DISCLOSURE OF SIGNIFICANT HOLDING IN SAPPI SHARES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended (the
Companies Act), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of
the JSE Limited Listings Requirements, shareholders are hereby advised that Sappi Limited has
received formal notification that:

    •   Ninety One SA (Pty) Ltd (Ninety One) on behalf of underlying Clients have, in aggregate
        acquired an interest in the ordinary shares of the Company, such that the total interest in the
        ordinary shares of the Company held by Ninety One's clients now amounts to 5,5045% of the
        total issued ordinary shares of the Company; and

    •   MandG Investment Managers (Pty) Ltd (MandG) on behalf of underlying Clients have, in
        aggregate, decreased its interest in the ordinary shares of the Company, such that the total
        interest in the ordinary shares of the Company held by MandG's clients now amounts to
        9.48% of the total issued ordinary shares of the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required
notices with the Takeover Regulation Panel.

The board of directors of Sappi accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and belief,
such information relating to Sappi is true and that this announcement does not omit anything likely to
affect the importance of such information.


Johannesburg
19 March 2024

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19-03-2024 03:10:00
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