JOHANNESBURG, South Africa, Dec. 29 /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 a director of one of the Company's major subsidiary companies. In terms of paragraph 3.63 of the Listing Requirements of the JSE Limited, Sappi provides the following information regarding dealing in securities of Sappi by a director of the Company and by directors of a major subsidiary. The dealing which is in terms of the Sappi Limited Share Incentive Scheme and for which clearance was received in terms of Listings Requirement 3.66 is as follows. Director's Name : M R Thompson Company : Sappi Limited Date of transaction : 24 December 2008 Nature of transaction : Payment for shares in terms of obligations under the Sappi Limited Share Incentive Scheme Number of shares acquired : 1. 3,000 2. 3,600 Dates rights granted : 1. 15 January 2001 :R49,00 linked to and prices : 2. 15 December 2008 :arising from grant of 15 January 2001 to take cognizance of rights offer : R20,27 Vesting period : 1. Over 5 years, maximum 8 years 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 of Sappi, +27-11-407-807, Web Site: http://www.sappi.com/

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