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SAPPI LIMITED - Impact of adverse weather and flooding in KwaZulu Natal province, South Africa on Sappis South African operations

Release Date: 13/04/2022 10:00
Code(s): SAP     PDF:  
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Impact of adverse weather and flooding in KwaZulu Natal province, South Africa on Sappi’s South African operations

Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN: ZAE000006284
("Sappi" or the "Company")

Impact of adverse weather and flooding in KwaZulu Natal province, South Africa on
Sappi’s South African operations

In the past few days most parts of KwaZulu-Natal province in South Africa have experienced
extreme storms and heavy rainfall which has led to widespread flooding making many areas
inaccessible and damaging roads, railway lines, infrastructure, warehousing and private
residences. Some Sappi staff are unable to travel to and/or from work and the transport of
goods and services has been severely disrupted.

Our Saiccor, Tugela and Stanger Mills along with its export facilities at the Durban Port have
been impacted. Production has been stopped, some inventory is damaged, and deliveries to
domestic customers have been affected. In addition, shipping lines have confirmed that
export shipments will also be negatively impacted.

Our primary concern is for the safety of our staff and contractors. Therefore, as a
precautionary measure due to the continued inclement weather, mills will operate with
skeleton crews until it is safe for all Sappi staff to return. To date there has been no material
damage to any of the plants. Insurance is in place for all assets and stocks. Production will
be impacted until the situation normalises.

“Sappi is deeply saddened by the loss of life and devastating impact of these floods on the
people of KwaZulu-Natal. Our condolences go out to the families of those in various
communities who have lost loved ones. Over and above support we will be providing in
Sappi communities, we will join organised business to provide the necessary support”, said
Steve Binnie Chief Executive Officer of Sappi Limited.

“Although the disruption to production and customer deliveries were outside our control, we
will make every effort to minimise the negative impact on our customers”, he said in

Sappi will update shareholders once the impact of the temporary closures/curtailment and
associated ramp up of production at the three mills has been quantified.

13 April 2022

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 13-04-2022 10:00:00
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