Dealings in securities by directors and company secretary of listed companies 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’) DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF LISTED COMPANIES 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 by directors of the Company and its major subsidiaries. The dealings were on-market and clearance for the dealings were received in terms of Listings Requirement 3.66, as follows: Director’s name : D J O’Connor (Company Secretary) Company (Subsidiary) : Sappi Limited Date of transaction : 27 March 2015 Nature of transaction : Sale of shares (on-market) arising from exercise of rights to shares in terms of the Sappi Limited Share Incentive Scheme Number of rights : 49,250 exercised/shares sold Dates rights granted and : 1) 22 December 2008 : R35.50 _ 8250 rights price 2) 9 December 2009 : R33.85 _ 11000 rights 3) 3 December 2010 : R35.20 _ 15000 rights 4) 2 December 2011 : R22.90 _ 15000 rights Vesting period : Over 4 years expiring after 8 years Selling price per share : 1) 8,250 shares at volume weighted average price of R47.599 (high R47.67, low R47.51) 2) 11,000 shares at volume weighted average price of R47,2943 (high R47.53, low R47.07) 3) 15,000 shares at volume weighted average price of R47.0346 (high R47.14, low R47.00) 4) 15,000 shares at volume weighted average price of R47.003 (high R47.01, low R47.00) Total value : R2,323,493.05 30 March 2015 Sponsor: UBS South Africa (Pty) Ltd Date: 30/03/2015 02:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.