Dealing in Securities by Directors of Listed Companies

Dec 22, 2010, 15:02 ET from Sappi Limited

JOHANNESBURG, Dec. 22, 2010 /PRNewswire/ -- 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 one of the Company's major subsidiary companies.  Clearance for the dealing was received in terms of Listings Requirement 3.66, as follows:

Director's Name

:

S Manchester

Company (Subsidiary)

:

Sappi Fine Paper North America,

Date of transaction

:

20 December 2010




Nature of transaction

:

Sale of shares




Number of shares sold

:

11 103




Selling price

:

R33,70




Total value

:

R374 171,10




Class of security

:

Ordinary shares

Extent of interest

:

Direct beneficial




AND






Director's Name

:

J Miller

Company (Subsidiary)

:

Sappi Fine Paper North America,

Date of transaction

:

21 December 2010




Nature of transaction

:

Sale of shares




Number of shares sold

:

5 921




Selling price

:

R33,50




Total value

:

R198 353,50




Class of security

:

Ordinary shares

Extent of interest

:

Direct beneficial



SOURCE Sappi Limited