Dealing in Securities by Directors of Listed Companies

News provided by

Sappi Limited

Jun 10, 2011, 10:05 ET

JOHANNESBURG, June 10, 2011 /PRNewswire/ --

Sappi Limited

(Registration number 1936/008963/06)

(Incorporated in the Republic of South Africa)

Share code: SAP

ISIN: ZAE000006284); NYSE code SPP

("Sappi" or the "Company")

(Logo: http://photos.prnewswire.com/prnh/20090826/NE66332LOGO )

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby provide the following information regarding dealings in securities of Sappi by directors of the Company's major subsidiary companies.  Clearance for the dealings was received in terms of Listings Requirement 3.66, as follows and the transactions were done on market:

Director's Name

:

B Wiersum

Company (Subsidiary)

:

Sappi Fine Paper Europe

Date of transaction

:

08 June 2011



Nature of transaction

:

Sale of shares




Number of shares sold

:

38,308



Selling price

:

R36.30



Total value

:

R1,390,580.40



Class of security

:

Ordinary shares

Extent of interest

:

Direct beneficial



Director's Name

:

S Blyth

Company (Subsidiary)

:

Sappi International

Date of transaction

:

08 June 2011



Nature of transaction

:

Sale of shares




Number of shares sold

:

1) 2,441


2) 624


3) 3,065



Selling price

:

1) R36.30


2) R36.31



Total value

:

R111,265.74



Class of security

:

Ordinary shares

Extent of interest

:

Direct beneficial



Director's Name

:

D M Mncube

Company (Subsidiary)

:

Sappi Southern Africa

Date of transaction

:

09 June 2011



Nature of transaction

:

Sale of shares




Number of shares sold

:

6,917



Selling price

:

R36.10



Total value

:

R249,703.70



Class of security

:

Ordinary shares

Extent of interest

:

Direct beneficial

SOURCE Sappi Limited

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