Dealings in securities by an associate of a director of a listed company Sappi Limited (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 (“Sappi” or “the Company”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A LISTED COMPANY 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 an associate of a director of the Company. The dealing was on-market and clearance for the dealing was received in terms of Listings Requirement 3.66, as follows : Director’s name : Mr Jock McKenzie Company : Sappi Limited Name of associate : Two Oceans Trust Relationship with director : Mr Jock McKenzie is a beneficiary of the Two Oceans Trust Date of transaction : 04 December 2019 Nature of transaction : On-market purchase of shares Number of shares purchased : 6 500 Highest price per share : R39.17 purchased Lowest price per share : R38.89 purchased Volume-weighted average price : R39.13 of shares purchased Total value : R254 330.00 Class of security : Ordinary shares Extent of interest : Indirect beneficial Johannesburg 06 December 2019 Sponsor : UBS South Africa (Pty) Ltd Date: 06-12-2019 04:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.