Annual Integrated Report 2019, No Change Statement, Notice of AGM and Changes to the Board and Board Committees 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’) 13 December 2019 INTEGRATED REPORT 2019, NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD AND BAORD COMMITTEES Shareholders are advised that the Integrated Report for the year ended September 2019 will be dispatched to shareholders on 13 December 2019 and will also be available online on 13 December 2019 on the Sappi website (www.sappi.com/annual-reports). The audited Annual Financial Statements are not included in the Integrated Report but are available on the Sappi website (www.sappi.com/annual-reports). The audited Annual Financial Statements contain no material modifications to the reviewed preliminary results for the year ended September 2019 which were published on SENS on 14 November 2019. The Annual Financial Statements have been audited by Sappi’s auditors, KPMG. Their unqualified report is available for inspection at the Company's registered office. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of shareholders of Sappi will be held at the registered office of the Company in the Oxford Room, Ground Floor, 108 Oxford Road, Rosebank, Johannesburg (entrance in 9th Street), South Africa on Wednesday 05 February 2020 at 14:00 to transact business as stated in the Notice of the Annual General Meeting forming part of the Integrated Report. The record date on which shareholders must be recorded as such in the register maintained by the transfer secretaries of the company for the purposes of determining which shareholders are entitled to attend and vote at the Annual General Meeting is Friday, 31 January 2020. According the last day to trade will be Tuesday, 28 January 2020. CHANGES TO THE BOARD AND BOARD COMMITTEES In terms of paragraph 3.59 (c) of the Listing Requirements of the JSE Limited, Sappi shareholders are advised of the following changes to the Board and Board Committees of Sappi Limited Page 2 of 2 Mr John McKenzie (Jock), Lead Independent non-executive director, and Ms Karen Osar, independent non-executive director will retire from the Sappi Limited Board with effect from 31 December 2019. Jock McKenzie was appointed to the Board in September 2007. He was a member of the HR and Compensation Committee since 2007, Chairman of the Social, Ethics, Transformation and Sustainability Committee until his appointment as Lead Independent Director in 2016 and thereafter member of the Nomination and Governance Committee. Karen Osar was appointed to the Board in May 2007 and has since been a member of the Audit and Risk Committee. Karen Osar also served as Chairman of the North American Audit Committee from 2007 to 2016. The Board would like to thank them both for the important contributions they have made to the Board since their appointments. The Board is pleased to announce the following changes with effect from 01 January 2020: • Mr Mohammed Valli Moosa - Lead Independent Director • Mr Mike Fallon - resign as member of the Audit and Risk Committee and appointed as member of the Nominations and Governance Committee • Dr Bonakele Mehlomakulu - appointed as member of the Audit and Risk Committee 13 December 2019 Sponsor to Sappi: UBS South Africa (Pty) Ltd www.sappi.com Date: 13-12-2019 03:03:00 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.