- Registration number 1936/008963/06 - Incorporated in the Republic of South Africa JOHANNESBURG, South Africa, Dec. 22 /PRNewswire-FirstCall/ -- Sappi (NYSE: SPP), the world's leading producer of coated fine paper, today announced the following information regarding dealing in securities of Sappi by directors of one of the Company's major subsidiary 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 a director of the Company. Clearance for the dealing was received in terms of Listings Requirement 3.66, as follows: Director's Name : R J Boettger Company : Sappi Limited Date of transaction : 15 December 2008 Nature of transaction : Subscription for shares arising from Sappi Limited Rights Offer Number of Shares Subscribed : 42 000 Subscription price : R20,27 Class of security : Ordinary shares Extent of interest Direct beneficial About Sappi Limited A global leader in the pulp and paper industry, Sappi Limited 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: http://www.sappi.com/. DATASOURCE: Sappi CONTACT: Denis O'Connor, , +27-11-407-807 Web Site: http://www.sappi.com/

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