Sappi Dealings in Securities by Directors of Listed Companies

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Fri Jun 6, 2008 3:48pm EDT

JOHANNESBURG, South Africa, June 6 /PRNewswire-FirstCall/ -- Sappi
(NYSE, JSE, LSE: SPP), the world's leading producer of coated fine paper,
today announced the following information regarding dealing in securities of
Sappi by a director of one of the Company's major subsidiary companies. All
terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
providing clearance for the dealing, was received in terms of Listings
Requirement 3.66, as follows:

    Director's Name            C M Mowatt
    Company (Subsidiary)       Sappi Southern Africa
    Date of transaction        04 June 2008

    Nature of transaction      Sale of shares arising from exercise of rights
                               to shares in terms of the Sappi Limited Share
                               Incentive Scheme

    Number of rights
    Exercised/shares sold      1 500

    Dates rights granted       1) 600 on 15 January 2001 at
     and price                    ZAR 49,00 per share
                               2) 900 on 13 December 2004 at ZAR 78,00
                                  per share

    Vesting period             1) Over 5 years, expiring after 8 years
                               2) Over 4 years, expiring after 8 years

    Selling price              ZAR114,00
    Class of security          Ordinary shares
    Extent of interest         Direct beneficial

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    About Sappi Limited
    A global leader in the pulp and paper industry, Sappi Limited (NYSE, JSE,
LSE) conducts its business through two business units, Sappi Fine Paper and
Sappi Forest Products. Sappi Fine Paper, operating in Europe, North America
and South Africa, produces a wide range of coated fine paper brands with an
international reputation for quality and innovation. The company also produces
a range of uncoated graphic and business papers, coated and uncoated specialty
papers, as well as casting release papers.  Sappi Forest Products owns or
manages approximately 540,000 hectares of plantations through Sappi Forests;
is a leading Southern African fully integrated pulp, packaging paper and
newsprint business through Sappi Kraft; and is the world's leading producer of
chemical cellulose used in the manufacture of viscose fibre through Sappi
Saiccor; Sappi Trading, based in Hong Kong, operates a trading network for the
international sales and distribution of the products of the two divisions
outside their core operation regions.  For more information, visit:
www.sappi.com.
    Registration Number 1936/008963/06
    (Incorporated in the Republic of South Africa)
    Share code: SAP   ISIN: ZAE000006284
SOURCE  Sappi

Denis O'Connor of Sappi, +27 11 407 807, denis.oconnor@sappi.com
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