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: 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 6.54
of the JSE Limited Listings Requirements, shareholders are hereby advised that Sappi has
received formal notification that Public Investment Corporation SOC Limited (‘PIC’) has, on behalf
of its clients, acquired in aggregate an interest in the ordinary shares of the Company, such that
the total interest in the ordinary shares of the Company held by PIC’s clients now amounts to
20.885% 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
25 August 2026

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/08/2026 14:15:00
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