JOHANNESBURG, South Africa, June 6 /PRNewswire-FirstCall/ -- Sappi , 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, were received in terms of Listings Requirement 3.66, as follows:
Director's Name A J W van der Merwe Company (Subsidiary) Sappi Southern Africa Date of transaction 03 June 2008 Nature of transaction Sale of shares arising from exercise of rights Sappi Limited Share to shares in terms of the Incentive Scheme Number of rights Exercised/shares sold 8 000 Dates rights granted 11 December 1998: ZAR 22,10 and price Vesting period Over 5 years, expiring after 10 years Selling price ZAR112,01 Class of security Ordinary shares Extent of interest Direct beneficial Ldoc055 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: http://www.sappi.com/.
Registration Number 1936/008963/06 (Incorporated in the Republic of South Africa) Share code: SAP ISIN: ZAE000006284
